Union Budget should create road map for sustainable growth in logistics sector: Industry

The upcoming Union Budget should not only create a roadmap for sustainable growth in the logistics sector but also incentivise the industry to adopt sustainable practices, operators said on Thursday. Finance Minister Nirmala Sitharaman is scheduled to present the Union Budget 2023-24 in the Lok Sabha on February 1. FedEx Express Senior Vice-President Middle East […]

National Logistics Policy – Laying the Groundwork for Future

India ranked 44th on the World Bank’s Logistics Performance Index (LPI), which was last published in 2018. Notably, India’s $200 billion logistics sector has always remained in the shadows when it came to supportive policies and getting the government’s attention. However much of that changed, when the National Logistics Policy was launched on the 17th […]

The Importance of Logistics in GDP Growth

Logistics forms the backbone of every industry in our country. The sector takes over one of the major responsibilities, transportation of goods and in turn, generates employment and contributes to economic growth. Ranging from agriculture, pharmaceuticals and transportation to e-commerce, medical or manufacturing, logistics holds a prominent position in all markets. In today’s times of […]

Electronics Value Chain Outlook Hit by Dampened User Demand, Sourcing Activity

Bloated inventories have led to plummeting memory device lead times and pricing, and the equalization of lead times and pricing for some passive components. For the first time in several quarters, the electronic components value chain is getting some pricing and lead time relief, as the new Supplyframe Commodity IQ insights reveal. Bloated inventories have […]

Port infrastructure may get ₹2 lakh crore upgrade to ease logistics pain

India is eyeing an about ₹2 lakh crore upgrade of its port infrastructure, in a major push to ease bottlenecks in logistics. As many as 298 projects, including for road and rail connectivity to ports, have been identified under the plan. The Empowered Group of Secretaries headed by cabinet secretary Rajiv Gauba has identified critical […]