Logistics: The Cornerstone of Economic Progress

As India surges ahead in becoming a US$ 5 trillion economy, the Indian logistics sector is at the forefront of various drivers enabling these aspirations. Post the announcement of NLP, India’s logistics infrastructure has shown steady growth. The industry was valued at $210 billion as of 2022, and in the ensuing years, a CAGR of 8–10% is expected. Without logistics, the global supply chain would not be able to function smoothly, and businesses would struggle to meet customer demands. On National Logistics Day, we bring forth views of industry leaders on government initiatives, digitalisation, innovation, and automation in the industry.

Sandeep Bansal, Chief Business Officer, Falcon Autotech: “We are aligned in shaping the future of logistics in India, propelling growth, and setting new industry standards. We continue to harness the potential of automation, and will provide more innovative and leveraging cutting-edge automation solutions that will elevate the industry to greater heights. Government initiatives to strengthen the industry such as NLP and ONDC are a great move where I also extend my heartfelt appreciation to government, industry stakeholders, and technology enablers who have embraced warehouse automation and contributed to the industry’s success.