2nd Logix India 2019 is taking place in New Delhi from 12th December to 14th December 2019. The Federation of Indian Export Organisations organized it.
Increasingly complex omnichannel business models are resulting in complicated global supply chains. Maximizing efficiencies for time and cost in moving freight around the world is mission-critical.
The New Age models, along with increasing levels of global sourcing, have created staggering opportunities for importers and exporters around the world.
Overseas Logistics companies and service providers seeking to establish business relations with Indian counterparts are invited to visit Logix India 2019 as a Hosted Buyer.
Each approved Hosted Buyer will be offered Complimentary Return Air ticket to attend Logix India along with two nights hotel stay at Hotel Lalit New Delhi.
INDIA – MISSION USD 5 TRILLION ECONOMY:
Creating efficiencies in logistics is essential for India to reach USD 5 trillion economy-level over the next 5 years. India’s logistics sector is highly defragmented and the aim is to reduce the logistics cost from the present 14% of GDP to less than 10% by 2022.
Indian Government spends USD 1.5 trillion in improving infrastructure and most of the investments will take place in improving airports, ports, roads and rail connectivity.
Sizeable investments will also be made in AI, IoT and Big Data for the transformation of the supply chain and logistics industry.
2nd Logix India 2019 shall bring together people, processes, and technology together to create efficiencies in global supply chain logistics.
India’s logistics sector is highly defragmented and the aim is to reduce the logistics cost from the present 14% of GDP to less than 10% by 2022.
INDIA’S GLOBAL LINKAGES:
The global Logistics market size is estimated at US$ 4.3 trillion. While India is ranked 44th in The World Bank’s Logistics Performance Index (LPI) 2018, India has continued to emphasize logistics among its high-priority economic reforms to reduce barriers to trading goods and services.
This sector provides employment to more than 22 million people and is expected to grow at a rate of 10.5% over the next 5 years. Logistics is also the backbone of India’s international trade and will help in diversification of not only India’s export basket but also of products and countries.
Source: www.logix-india.com, currentaffairs.gktoday.in, fieo.org
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