The logistics sector in India is on the path of transformation. As per the Economic Survey 2017-18, this US$ 160 billion industry provides livelihood to more than 22 million people. And with planned reforms, the sector is likely to drive five to eight percent export growth. Several infrastructure connectivity projects and other dedicated measures are expected to contribute to this boom.
One state stands to benefit immensely from all these activities – West Bengal.
Outlined with the Himalayas in the north, and the Bay of Bengal in the south, this 88,752 km² state is blessed with unique geographical advantages, subsequently serving as a gateway to the seven states in India’s remote northeast. Historically, too, this sea-bordered state served as the connection between India and her neighbours in the Far East. Thanks to its strategic location and domestic and international trade linkages, this state in the eastern fringe of the country has immense potentials to emerge as a logistics hub of the region very rapidly.
This white paper informs readers about various dedicated measures that have been undertaken by the central and various state governments and how they are expected to boost the performance of the country’s logistics sector. Intended to help institutions and corporates take appropriate business decisions, this study also offers a comparative analysis with respect to some other nations.
In this whitepaper, we take a look at:
1. An overview of the Indian logistics sector
2. Measures embraced to capture the performance of the logistics industry of any country.
3. Connectivity development initiatives that are going on in Eastern India
4. West Bengal’s competitive advantages
5. Challenges faced by India’s logistics sector