The transportation and Logistics sector is one of the major drivers of the economic growth, with auto and auto component industry’s turnover contributing 49 per cent of India’s manufacturing gross domestic product (GDP).
Further, the government’s thrust on this sector via allocation in the Production Linked Incentive (PLI) scheme and the target to increase the auto industry’s contribution to GDP makes a strong case for investment in this sector. The logistics sector also offers opportunity from a long-term view point, given the government’s effort to bring down logistics costs with the announcement of various policies like PM Gati Shakti’s National Master Plan and National Logistics Policy.
This story is subscriber only!
Now subscribe at a special Republic Day offer of Rs 75/month.
Subscribe Now
Already a subscriber? Sign in