Monday, October 13, 2008
Indian logistics industry likely to grow 15 - 20 %
According to a report by Cushnam and Wakefield the Indian logistics Industry is expected to grow at 15% to 20 % per annum by 2015. As per C& W estimates, the marker share of organized logistics players is likely to double to approximately 12% in the same period. The new logistics centers will give big boost to the industrial activities in the country. The report also revealed that 110 logistics parks spread over 3,500 acres at an estimated cost of $1 billion are expected to be operational by2012. Around 45 million sq ft of warehousing space will be ready in the next four years.Also fdaware.com.