Hyderabad: ‘Indian Logistics Revolution Big Bets, Big Jobs’, the Logistics sector in India will see a growth of 10.5 per cent CAGR due to GST implementation and the subsequent investment, coupled with the infrastructure status.
According to TeamLease report ‘Indian Logistics Revolution Big Bets, Big Jobs’ growth of the industry will result in the sector creating around 1.96 lakh new jobs in Hyderabad and three million jobs across the country in the next four years. The impact will reflect across all seven sub sectors-Road Freight, Fail Freight , Warehousing, Waterways, Air Freight, Packaging and Courier Services.
Further, the report also highlights that rail freight sub-sectors will create 4,000 incremental jobs, over the next four years (2018 through 2022).
The warehousing, courier and packaging subsectors will see a major growth with urbanization, growing customer segments, packaging innovations and IT adoption. The courier services sub-sector will see a growth of 11,000 incremental jobs over the next four years while the warehousing division is set to create 7,000 incremental jobs. The packaging sub-sector will add 3,000 incremental jobs over the next 4 years (2018 through 2022).
