How the Indian logistics sector is transforming for good in India
by Dynamix Group WriterFrom
traditional transport communities to full-fledged logistics service providers, The Indian logistics market has come a long way since its inception. With the
advent of specialized players in the market, logistics leaders are paying more
focus on providing customized services to the players. The concept of
third-party logistics (3PL) has introduced the concept of integrated
operations, management, warehousing, and transportation in the logistics sector
which has made its operations much more agile. An increasing number of managers
are targeting to provide more customized services as well.
Increased
FDI, market reforms, and growing consumption levels are some of the prime
reasons for this sudden boom in the logistics industry. The manufacturing activity
in automotive and ancillary products has also increased the demand for
pharmaceutical and industrial equipment in the logistics sector. International
trade has also increased in the country in the past few years which is why warehouse space for renting Delhi,
Mumbai, Pune, and many other cities in India has considerably increased.
Indian
warehouse industry heavily dependent upon supply chains, which typically
consists of three procedures—transportation, distribution, and warehousing.
With intelligent planning supply chains in India can be made much more agile
and its costs can be cut down to a large extent.
The
classification of supply chains in India has always been easy but with the
emergence of cold chains, container freight stations (CFS) and ICDs, the
classification has become a bit complex. Let’s explore various supply chain a market in the warehouse industry.
Public
Warehouse: These
warehouses are controlled by the Government of India and used by cooperatives
societies and private entities to store goods. Generally, these kinds of goods
are used for the general public. Public warehouses are rented out against a certain
amount of fee.
Private
Warehouse: Private
warehouses are owned by private entities or a group of people who hold a
license to regulate a particular space. These warehouses are flexible and
customized according to the placement and storage of the area.
Bonded
Warehouse: Such
warehouses came into the existence to financially support young entrepreneurs,
exporters, and importers. The bonded warehouses work on the terms of customs
duties and managed by the Government of India and private parties.
Government
warehouse: These
warehouses are collectively managed by public and central authorities. It
typically consists of CWC, SWC, and FCI. They are typically maintained by both
government and private organizations.
Cooperative
warehouses:
Co-operative societies own, manage, and supervise these warehouses. These
warehouses are maintained at a much cheaper rate. Some typical example of these
warehouses are CFS (Container freight stations) and inland container depots
(ICDs). Here are some common functions that happen in these warehouses
are:
- Dispatching of goods
- Loading and unloading
- Stuffing and de-stuffing the containers
- The temporary storage of cargo and containers
- Repairing and management of containers
- Refrigeration
Cold storage
- It is a temperature-controlled storage
space, which is typically used in industries like agriculture,
horticulture, fisheries, and dairy. Aggregation, sorting, and pre-cooling
are the key activities involved in the cold storage warehouse.
- Cold storage systems were invented to
solve the problem of wastage of agriculture goods. This market is mainly dominated by private players, though; the government has also provided various incentives in tax and duties to encourage cold chain players in our country. The cold storage market is most likely to boom in the coming years and targets major global.
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Created on Oct 10th 2019 06:21. Viewed 480 times.