India’s logistics sector to hit US$200 billion by 2020

India's logistics sector is likely to cross the US$200 billion by 2020, the country's Minister of State for Road Transport Sarvey Sathyanarayana said recently.


India infrastructure logistics


India’s logistics sector is likely to cross the US$200 billion by 2020, the country’s  Minister of State for Road Transport Sarvey Sathyanarayana said recently.

“The connectivity and the convenience in operations is the key for sustaining the global trade growth. Currently India’s logistics sector is valued at around US$125 billion and is likely to cross the US$200 billion by 2020,” he said.

He added that the government’s increased spending on infrastructue development and greater  involvement of private players in key projects through public-private partnership (PPP) are catalysing growth. The logistics sector is projected to grow at 10 to 12 per cent for the next three years.