Complete Logistics Solutions
/ By Akash Storage and Distribution Services Pvt. Ltd. / Latest News/ • • / 0 Comments

Massive investments to drive India logistics growth says JLL

Thanks to fresh investments, supply and interest this sector, the Indian logistics industry is set to reach the next level. Although India is down the rungs on the Logistics Performance Index (India stood 35th among 160 countries in World Bank’s 2016 study) in comparison to some of the top regional markets, launch of GST and huge investments from global players will help the sector grow manifold.

Interestingly, logistics in the Asia Pacific region is performing well in comparison to other global counterparts. According to the 2016 World Bank survey on trade logistics, top regional markets such as Singapore, Hong Kong and Japan feature near the top of a global league of 160 countries in terms of logistics performance, alongside markets in Europe and the United States.

Based on JLL estimates, the total amount of stock in seven largest logistics markets in the region currently totals more than 1.5 billion sqm (gross floor area), double the size of the 795 million sqm in the United States and significantly more than the 260 million sqm in Europe. It is more appropriate, however, to look at logistics stock at a local level, as regional economies are at vastly different stages of development.

The warehousing sector in India has already seen CAGR of 20% from 2014 to 2017, fuelled by economic revival, growth of its e-commerce and the third party logistics industries as well as implementation of GST. The existing stock has a potential to grow at an even faster rate going forward, at least until 2022. Investment in infrastructure is also expected to play a significant role, as large planned investments such as MMLPs, dedicated freight corridors (DFC), etc., in road, rails, ports and airways across emerging India will bolster trade – and, consequently, warehousing demand.

Local Logistic Service in Mumbai
/ By Akash Storage and Distribution Services Pvt. Ltd. / Latest News/ • • / 0 Comments

Maharashtra Logistics Policy being planned to reap GST gains

The Maharashtra government is all set to release a comprehensive logistics policy in a bid to develop the state as a logistics hub and promote port led development. The government hopes that the goods and services tax (GST) regime will come handy in boosting the logistics sector considering state’s strategic and geographic location. Currently, manufacturing, logistics and construction collectively contribute 35% to the state gross domestic product and the government hopes to increase that share till 2022.

Chief minister Devendra Fadnavis, at the interactive session with investors last week, said Nagpur being a zero-mile centre under the GST regime can now become a gateway for the entry of goods and services in the state and spur logistics development. He said about 70% cargo distribution from the Jawaharlal Nehru Port, which is currently restricted to Mumbai, Thane, Pune, will be expanded to 24 districts with the construction of Mumbai-Nagpur Super Communication Expressway and also with the development of supply chain through setting up of 22 agro processing centres across the state.

Sushil Jiwarajka, president, Infrastructure & Logistics Federation of India, said logistics will become a crucial factor in the growth of economy with the onset of GST. ”A far as Maharashtra is concerned, Nagpur is strategically located at the centre of India and can become a logistics hub for major companies with all India distribution. Also, the Mumbai-Nagpur Super Communication Expressway will create a key linkage for goods from the hinterland to the ports on the west coast.” He, however, suggested that the policy should provide fiscal incentives including tax holidays and allotment of land at reasonable rates.

K V Mahiddhar, head of CII Institute of Logistics, said states are preparing policies to incentivise logistics sector. ”States are also focusing on further strengthening transport infrastructure and connectivity, develop warehousing and cold chains to improve overall logistics. Under the GST regime, the investors, especially from the logistics sector, will make investments based on business requirements,” he said.

Local Logistic Service in Mumbai
/ By Akash Storage and Distribution Services Pvt. Ltd. / Local Logistics/ • • • / 0 Comments

Local Logistic service providers would understand your business

Local Logistic service providers would understand your business as it helps in enhancing the profitability of the company, while lowering the operational costs. Lowering costs and outsourcing logistics would lead to lowering the overhead costs associated with maintaining a fleet of carriers, manpower on company’s payroll, warehousing maintenance and related taxes, processing charges, equipment costs, cross docking expenses, and so on. With such load taken off the shoulder of the company, it can focus on other important aspects of the business and provide better products and services to end users.

Read More

Transportation Services in Mumbai & Bhiwandi
/ By Akash Storage and Distribution Services Pvt. Ltd. / Local Logistics • Transportation/ • • • • • • • • / 0 Comments

Top benefits of hiring our transport service in Mumbai

Top benefits of hiring our transport service in Mumbai to and from JNPT upto Vasai is our commitment to timely delivery at lowest cost possible. Moving freight is a tough task that needs experience and expertise, because there is a lot at stack. Only the deliverables are not at stack here, but the commitment and trust. And, any mishap here can lead to the company having a bad market reputation, and would certainly impact the customer satisfaction it provides negatively.

Read More