In a world of constant change and global realignments, India's logistics industry is becoming increasingly important and expected to grow at an unprecedented rate. The Chairman and Managing Director of Greenbase Industrial and Logistics Park, Darshan Hiranandani, offers perceptive insights on the trends that will likely reshape this industry and illuminates critical elements that could alter its course.Â
Central to Hiranandani's analysis is the effect of multi-modal infrastructure initiatives. As India sets out to improve its connectivity, the focus on last-mile logistics becomes increasingly significant. Implementing large-scale ventures that aim to facilitate seamless integration between different forms of transportation decreases supply chain time and elevates India's status as a leading logistics destination in the international arena. Hiranandani stresses the profound impact of these infrastructure endeavours in fostering streamlined and budget-friendly logistics solutions.Â
The National Logistics Policy (NLP) represents a crucial element in Darshan Hiranandani's ambitious plans for shaping the future of logistics in India. To bring about greater efficiency and organization within the logistics industry, the NLP seeks to tackle pressing issues like exorbitant operational expenses and subpar performance. However, he is confident that this policy has the potential to revolutionize the sector, ushering in a new era of transparency, streamlining processes, and ultimately boosting operational productivity.Â
As global power dynamics shift and companies rethink their supply chain strategies, Hiranandani highlights the significance of the China Plus One approach. This policy encourages businesses to expand their supply chain options and lessen reliance on a single market, with India emerging as a strategic alternative. Hiranandani predicts that this shift will bring about a surge in investments and development in India's logistics industry, perfectly aligning with the government's goal of a self-sufficient India.Â