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Cover Story : SEPT - OCT 2016

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BREAK BULK, HEAVY LIFT & PROJECT FORWARDING


India - A Growing market with huge opportunities

INDIA is today arguably the fastest growing economy in the world, a status which has received further impetus through key government initiatives like ‘Make in India’ that aim at taking the manufacturing sector to new heights. This will necessarily mean an increase in the movement of project, heavy lift and break-bulk cargo, thereby creating the demand for enhanced project cargo logistics activity.


Analysts point out that given the increasing need of project logistics services to ensure the timely completion of planned projects, there is a huge market opportunity in the sector. A study puts this opportunity for project logistics services in the country at over $150 billion till 2020, encompassing transportation, warehousing, freight forwarding and value-added logistics.



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