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| Logistics market seen growing 10.5% a year, to reach $215 bn by 2020 | Writer | Admin | |||
|---|---|---|---|---|---|
In 2017, the logistics sector absorbed 22 million people. Employment is expected to surge to 40 million by 2020. The market size of the logistics sector is seen climbing to $215 billion by 2020, logging 10.5 per cent compounded annual growth rate (CAGR) over 2017. The logistics sector earned the 'infrastructure' status in 2017 when its market size was estimated at $160 billion. A study by the India Brand Equity Foundation (IBEF) pegs annual investments in the logistics sector to reach $500 billion by 2025. Between 2018 and 2020, the warehousing. segment is poised to receive Rs 50,000 crore investments. The logistics and warehousing sector will get a fillip with the foray of Hiranandani Group, pledging Rs 2,500 crore investments on two projects in 2019. |
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