Budget should create a roadmap for sustainable growth for express logistics2 min read 31 Jan 2022, 07:29 PM IST
The Union Budget 2022-23 can propose capital subsidies for logistics companies for constructing grade A warehouses in smaller towns so that express logistics can have a long runway for nationwide expansion
The express logistics sector has emerged as one of the fastest-growing logistics segments with a revenue CAGR of 15% for the past five years and the sector is expected to grow at a more rapid pace over the next five years. The proliferation of e-commerce, growing integration with the global supply chains and rising demand from small and medium enterprises (SMEs) and the business-to-business (B2B) segments will drive the demand growth, going forward. The overall sentiment is positive despite the recent surge in infections as the India growth story remains intact on the back of sustainable recovery of the economy and higher vaccination rates.
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