India's logistics industry set to create 10 lakhs jobs over the next decade, driven by port expansion and increased production
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India’s logistics industry set to create 10 lakhs jobs over the next decade, driven by port expansion and increased production

by Janam Web Desk
Sep 27, 2023, 02:58 pm IST
in News, Business, India

Reportedly, the logistics industry is poised to generate significant job opportunities over the next decade, with an estimated 1 million jobs expected to be created within the sector. The growth of the country’s port sector and increased production are injecting fresh momentum into the industry.

The country’s port sector’s growth, coupled with increased production, is providing a renewed boost to the logistics sector. The growth of the sector is significantly influenced by various factors, including the Production-Linked Incentive (PLI) scheme, domestic production, export activities, shifts in consumption patterns, a decrease in the inflation rate, and recent industrial reforms.

Furthermore, the transition from the unorganized sector to the organized sector has provided a significant boost to the advancement of the logistics industry. In addition to the major metropolises in the country, rapid growth in the logistics sector is also evident in cities such as Indore, Guwahati, Nagpur, Jaipur, Vadodara, and Lucknow. The growing reliance on artificial intelligence and machine learning is having a substantial impact on logistics operations. This sector offers a variety of job roles, including positions such as supply chain managers, logistics specialists, distribution managers, and warehousing managers. Economists estimate that the improvements seen in the production and consumption sectors will lead to the creation of numerous jobs within the industry.

 

Tags: MAINemploymentLogistics DepartmentBo oming
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