CARGOCONNECT-JANUARY 2021 - Flipbook - Page 88
This revolution is now in the process of revamping and remodeling
the Warehousing and Logistics Industry completely. The need for
deeper market reach has definitely been highlighted and underlined by
Abhijit Verma COVID-19 and the lockdown, though the push for resilient
supply chains has been on-going in India in the recent
past. With digitisation and the growth of markets in tier
II and III cities, almost every sector providing goods to
an end-consumer needs to be well-placed at strategic
locations in order to reach their users effectively.
Modi said at the virtual meeting that the coronavirus
pandemic has shown the world that the decision on developing global supply chains should be based on not only on
costs. “They should also be based on trust along with affordability. Companies are also now looking for reliability and
policy stability. India has all of these qualities,” Modi said.
Modi’s message to investors presenting India as destination they cannot ignore comes at a time many multinational
corporations are exploring a China plus one strategy for
developing their value chain, to de-risk any disruption in
the future. Modi also said that because of the advantages
packaged dairy product requires to be transported from its
production to consumption point at a constant environmental specification. For that, an appropriate cold chain system
for transportation and storage with adequate logistics management information support needs to be maintained. Modern MMLP facilities with pan-India footprint, advanced
material handling mechanism, technological intervention,
skilled manpower, and planned transport infrastructure can
create this seamless movement leading to minimum loss and
On a positive note, Malkani says, “We do believe that
India is enjoying, the country is becoming one of the leading
destinations for foreign investment.
Among the advantages India offers to investors are transparent and predictable tax regime, a tax system that encourages and supports honest tax payers and a bankruptcy code
that reduced the risks in the financial system. “India has
political stability, policy continuity and commitment to democracy. And our labour reforms will reduce compliance
burden for employers and provide social security protection
to workers,” Modi said.
JLL and Invest India whitepaper titled ‘Great Places for
Manufacturing in India’ drives an investor through the entire investment route to understand the advantages of India,
find out which location in India should they consider, incentives and how to ground the investments in the country.
“To achieve manufacturing success, logistics is going to
be one of the key enablers. India’s strengths in the logistics
and infrastructure sector need to be harnessed,” says Dey.
“Connecting macro level strengths needs special attention
to maintain continuity at micro level. For examples, one
India has the potential to become the next manufacturing
hub in the near future with the implementation of right
policies. Increasing demand of multimodal logistics parks
and infrastructural push around the initiative are likely to
lead to a spur in demand for new warehouse space development as well as increase the demand for existing warehouses. These initiatives have a long gestation period and
need a lot of infrastructure development for its sustenance.
Hence, it would take time for the impact of these changes
to be visible.”
“India has one of the youngest populations in the world,
with more than 50 per cent of its people being below the age
of 25 years and more than 65 per cent of the population being
below the age of 35,” says Vazirani. “This, coupled with supportive government push on Vocal for Local, Make in India,
Digital India, skill up-gradation and transformations in the
education policy to focus on vocational training, etc. is aiding the country to grow by leaps and bounds. And, manufacturing and logistics is going to be an important growth
lever in this journey.”
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