With growing sectors like automotive components, pharmaceuticals, cement, textiles, FMCG and e-commerce, there was the need of the healthy and efficient logistics sector. India rank 35 out of 160 in the logistics performance index. ( This is quite low). Hence GOI recently granted infrastructure status to the logistics.
Major benefits attached by granting infra. Status with the logistics sector are as follows:
- Availability of easy credits to the companies operating within these segments. Now long-term credit from banks and other Financial institutes can give credit to these companies.
- It will also help to attract foreign investment.
- More funds and capital will make sector more efficient and thus help to reduce per unit cost incurred in logistics. This will have cascading effect on improving competitiveness.
- It will also 0 213.4-11.5c23.5-6.3 42-24.2 48.3-47.8 11.4-42.9 11.4-132.3 11.4-132.3s0-89.4-11.4-132.3zm-317.5 213.5V175.2l142.7 81.2-142.7 81.2z"/> Subscribe on YouTube
