10 Most Promising Logistics Solution Providers - 2017

The Indian logistics sector, although still unorganised, is undergoing a sharp transition. Transportation and Communication accounted for seven percent of the nation’s GDP in 2015, accounting for around $130.44 billion. Despite India being one of the fastest developing nations, it lacks proper infrastructure to cover the entire landmass that constitutes the sub-continent, thus resulting in poor logistics coverage to remote areas. Also, the logistics costs are relatively high in India due to poor condition of roadways, inefficient communication systems, delays at cross-border check-points and multi-layer taxation system. However, things are changing now; the Government of India has allotted 20 percent of the $1 trillion funds reserved for infrastructure during the 12th...