CARGOCONNECT-JANUARY2025 - Flipbook - Page 29
potential, further boosting India's position
in global logistics.
Strengthening the
Ecosystem through PPPs
and State Collaboration
The Indian government has placed
significant emphasis on private sector
investments to develop critical multimodal
infrastructure. Public-private partnerships
(PPP) are seen as a sustainable solution
to bridge gaps in logistics infrastructure
development, particularly at the state
level. State governments, recognising the
importance of logistics in overall economic
growth, are also encouraged to actively
collaborate in upgrading and maintaining
essential logistics networks.
Such collaborative investments are
pivotal for improving logistics e昀케ciency,
addressing road and railway congestion,
and enhancing intermodal connectivity.
Through these investments, both the public
and private sectors are contributing to
making logistics a competitive sector,
bene昀椀ting businesses, governments, and
consumers alike. The result will be an
optimised logistics environment that is
both e昀케cient and cost-e昀昀ective, ultimately
reducing logistical delays and costs associated with ine昀케ciencies.
E2SG in Action
for Economic and
Environmental Bene昀椀ts
Sustainability is becoming increasingly
signi昀椀cant in the logistics industry, with an
emerging focus on the Economic development, Environment conservation, and
Social Governance (E2SG) framework.
This holistic approach blends environmental conservation e昀昀orts with economic
growth and social welfare, recognising
that sustainability must be woven into
the very fabric of logistics operations. The
logistics sector is making strides in adopting
energy-e昀케cient systems, transitioning to
green logistics practices, and exploring
alternative transport fuels like electric
vehicles and hydrogen-based solutions.
India’s logistics policies now emphasise
the need for reducing carbon footprints
while maximising economic bene昀椀ts. This
eco-friendly approach is complemented by
investments in low-emission transport
infrastructure, renewable energy solutions
for warehouses and distribution centres,
and overall supply chain sustainability
practices. By embracing the E2SG framework, India’s logistics sector can achieve
long-term environmental and social bene昀椀ts
while fostering economic growth.
Unifying Domestic
Production with Global
Trade Networks for
Optimised Supply Chains
Connecting domestic and global supply
chains is a key element of India’s logistics
reform agenda. Initiatives such as Free
Trade Agreements (FTAs) and international
collaborations, including the India-Paci昀椀c
Economic Framework (IPEF) and BRICS,
are enhancing India’s integration with
global trade networks. By strengthening
relationships with key trading partners,
India is aligning its domestic supply chains
with global market demands.
Additionally, the alignment of logistics
with production activities and market
needs within India is crucial. Government
departments overseeing trade, commerce,
and industry are working together to
ensure that domestic supply chains are
well-integrated with both national and
international demands. This coordinated
approach is positioning India as a competitive hub for international trade by
o昀昀ering cost-e昀케cient logistics solutions that
serve both domestic and global markets.
Strengthened global partnerships and
infrastructure are reinforcing India’s
export sector, preparing it for future
challenges and expanding its share in
global trade.
The Tomorrow Chapter:
Lowering Costs,
Increasing Quality, and
Driving Growth
Logistics costs, which constitute a significant portion of overall business expenses,
remain a challenge in India. While efforts
to optimise these costs continue, the
goal is not to eliminate them entirely
but to strategically manage and reduce
them through enhanced efficiencies.
Technology-driven solutions and efficient
multimodal transportation systems are
playing a pivotal role in lowering logistics
costs without compromising on quality
or service.
The focus is on streamlining logistics
operations by implementing smarter
systems, improving last-mile connectivity, and minimising waste. A robust
and efficient logistics network is a key
driver of economic development, directly
contributing to GDP by enabling smoother
trade flows and faster deliveries. India's
focus is not only on reducing costs but also
on elevating the quality and efficiency of
its logistics services, ensuring businesses
achieve quicker and more cost-effective
outcomes.
The government's vision
is to foster a streamlined, transparent, and
technology-driven supply
chain framework to boost
productivity and lower
costs. As a result, India is
progressively emerging as
a global logistics hub with
world-class infrastructure
capabilities and a strong
technological backbone.
India’s logistics policies now
emphasise the need for
reducing carbon footprints
while maximising economic
benefits. This eco-friendly
approach is complemented
by investments in low-emission transport infrastructure,
renewable energy solutions
for warehouses and distribution centres, and overall
supply chain sustainability
practices.
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