Logistics sector projected to touch $484.43 bn by 2029
WAREHOUSING & LOGISTICS

Logistics sector projected to touch $484.43 bn by 2029

LogiMAT India, India?s biggest and most extensive logistics exhibition platform for showcasing cutting-edge technologies and innovations in the logistics industry, is set to catalyse significant advancements in India's logistics sector. The integration of cutting-edge technologies and advancements in intralogistics, automation, warehousing, and transportation management heralds a transformative era for the logistics sector in India.. According to a report released at the logistic fair LogiMAT India 2024, the Indian freight and logistics market is projected to experience a steady annual growth rate of 8.8 per cent, reaching $484.43 billion by 2029 from $317.26 billion in 2024, driven by technological advancements. This surge not only signifies robust economic expansion but also holds the promise of substantial job creation and enhanced business scalability.

The integration of robotics, automation, artificial intelligence (AI), and other advanced technologies is expected to revolutionise the way logistics operations are conducted, driving efficiency, productivity, and competitiveness. LogiMAT India foresees a substantial increase in investments in India's logistics sector, with the adoption of these technologies poised to attract significant capital infusion from domestic and international investors.

Moreover, the deployment of robotics, automation, AI, and other technologies is projected to create a multitude of job opportunities across various segments of the logistics sector. From skilled technicians and engineers to logistics analysts and data scientists, these advancements are expected to create 10 million jobs in India by 2027 and contribute to India's employment landscape.

"The transformative potential of new technologies and innovations showcased at LogiMAT India is immense," said Mr. Sachin Patil, Managing Director and CEO of Messe Stuttgart India, the organiser of LogiMAT India 2024. "We envision these advancements to not only attract substantial investments to India's logistics sector but also to create a significant number of jobs, driving economic growth and prosperity."

Furthermore, these technologies have the potential to scale logistics businesses to unprecedented levels, enabling them to optimize operations, enhance customer service, and achieve greater profitability. By leveraging robotics, automation, AI, and other cutting-edge solutions, logistics companies can streamline processes, reduce costs, and stay ahead of the competition in today's dynamic business environment.

As LogiMAT India continues to serve as the premier platform for industry stakeholders to explore, collaborate, and innovate, it remains committed to driving positive change and fostering growth within India's logistics ecosystem.

LogiMAT India, India?s biggest and most extensive logistics exhibition platform for showcasing cutting-edge technologies and innovations in the logistics industry, is set to catalyse significant advancements in India's logistics sector. The integration of cutting-edge technologies and advancements in intralogistics, automation, warehousing, and transportation management heralds a transformative era for the logistics sector in India.. According to a report released at the logistic fair LogiMAT India 2024, the Indian freight and logistics market is projected to experience a steady annual growth rate of 8.8 per cent, reaching $484.43 billion by 2029 from $317.26 billion in 2024, driven by technological advancements. This surge not only signifies robust economic expansion but also holds the promise of substantial job creation and enhanced business scalability. The integration of robotics, automation, artificial intelligence (AI), and other advanced technologies is expected to revolutionise the way logistics operations are conducted, driving efficiency, productivity, and competitiveness. LogiMAT India foresees a substantial increase in investments in India's logistics sector, with the adoption of these technologies poised to attract significant capital infusion from domestic and international investors. Moreover, the deployment of robotics, automation, AI, and other technologies is projected to create a multitude of job opportunities across various segments of the logistics sector. From skilled technicians and engineers to logistics analysts and data scientists, these advancements are expected to create 10 million jobs in India by 2027 and contribute to India's employment landscape. The transformative potential of new technologies and innovations showcased at LogiMAT India is immense, said Mr. Sachin Patil, Managing Director and CEO of Messe Stuttgart India, the organiser of LogiMAT India 2024. We envision these advancements to not only attract substantial investments to India's logistics sector but also to create a significant number of jobs, driving economic growth and prosperity. Furthermore, these technologies have the potential to scale logistics businesses to unprecedented levels, enabling them to optimize operations, enhance customer service, and achieve greater profitability. By leveraging robotics, automation, AI, and other cutting-edge solutions, logistics companies can streamline processes, reduce costs, and stay ahead of the competition in today's dynamic business environment. As LogiMAT India continues to serve as the premier platform for industry stakeholders to explore, collaborate, and innovate, it remains committed to driving positive change and fostering growth within India's logistics ecosystem.

Next Story
Infrastructure Urban

CONCOR Launches Double-stack Service Between NCR and Varnama

State-run Container Corporation of India (CONCOR) has launched double-stack container train services between the National Capital Region (NCR) and Varnama near Baroda. This initiative aims to facilitate customers at Nhava Sheva near Mumbai, home to Jawaharlal Nehru Port (J N Port). On December 21, the first double-stack container train from Khatuwas and Dadri in NCR reached CONCOR’s Gati Shakti Multimodal Cargo Terminal (GCT) at Varnama, situated along the Western Dedicated Freight Corridor (WDFC). The train carried export cargo destined for J N Port, according to a statement from the state..

Next Story
Infrastructure Transport

Less than 10% of Rs 40 Billion State-aid for Shipbuilding Utilised

A government-sanctioned financial assistance program worth Rs 40 billion, intended to support local shipbuilders over a decade starting in April 2016, has seen minimal utilisation, with only Rs 3.85 billion—less than 10 per cent of the total fund—disbursed thus far. With 15 months remaining before the scheme concludes, its uptake has been limited. The financial aid applies to shipbuilding contracts signed between April 1, 2016, and March 31, 2026. According to a written response provided by Union Minister of Ports, Shipping, and Waterways Sarbananda Sonowal to the Rajya Sabha on December ..

Next Story
Infrastructure Transport

Civil Aviation Minister Opens New ATC Tower at Indore Airport

The Minister for Civil Aviation, Ram Mohan Naidu Kinjarapu, inaugurated the new Air Traffic Control (ATC) Tower-cum-technical block at Devi Ahilyabai Holkar International Airport in Indore, Madhya Pradesh. During the inauguration, the minister toured the facility, where ATC experts explained various technical aspects of tracking and coordinating flights from the newly constructed tower. In addition to the ATC tower, the airport has also introduced a zero-waste plant. The union minister confirmed that this initiative aligns with the government’s commitment to sustainability. Minister Ki..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000