Although the Indian logistics industry is growing at about 10 percent, its investment on information technology is not keeping pace, the Hindu Business Line reported.
“The industry as a whole is at a relatively early stage of technology adoption. This is evident from the fact that capital expenditure is completely uncorrelated with technology adoption.
Also, there is a clear message for players in the Indian IT industry to develop cost-effective technology products and solutions that are specially targeted at small and medium-sized logistics service providers,” says a study by Kale Consultants, a global solutions provider for airline, logistics and travel industries.
Indian logistics industry is seeing increased demand due to economic growth. This is spurring global players such as DHL, AFL Logistics, CEVA and Expeditors to set up shop in India, bringing with them enhanced processes and technology solutions in addition to their global footprint and customer base.
According to the study, Indian logistics industry accounts for merely two percent of the $5,000 billion global logistics industry.
The Indian market is estimated at $90 billion and projected to burgeon to $385 billion by 2015.
Cargonews Asia
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