PRE BUDGET QUOTE from - Mr. Sandeep Chadha, Founder & CEO – Warehouster
India's
high logistics costs, 14-18% of GDP compared to 8% for other global leaders,
inflate domestic product prices. These costs also hinder Indian exports and
here a national logistics policy can streamline operations and reduce expenses,
making Indian products more competitive internationally. A well-developed
logistics network, stemming from a policy framework, can minimise the spoilage
of agricultural products, a crucial mainstay of our supply-side economy, by
ensuring quicker movement from farms to consumers, benefiting both farmers and
consumers. The e-commerce boom, which thrives on fast deliveries, necessitates
improved infrastructure for efficient warehousing and last-mile delivery. The success
of e-commerce, with an estimated market size of US$57-60 billion in 2023 and
projected to grow to US$300 billion by 2030, a CAGR of 20-22%, hinges on
efficient logistics. Last-mile delivery, a crucial aspect here, benefits from
the National Logistics Policy and advancements in coordination, offering faster
deliveries, improved tracking, and greater reach, especially in remote areas.
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