subject: Logistic Companies in India [print this page] Logistic Companies in India Logistic Companies in India
The industry all over the world is growing including the logistics in India. The country at present is one of the prime destinations for this service all over the world and is expected to grow with leaps and bounds in the years ahead. The key factor that has pushed the industry to new heights is the strong economic growth. In the recent years India has witnessed a strong growth in trade with its current proficiency, valuable human resources and optimistic future plans. This has eventually increased trading within the country as well as with other countries across the globe. This sharp increase in trade has consequently driven the logistic services in the country.
Apart from the growth in economy, increased outsourcing and VAT implementation has also driven the Indian logistic industry. Many multinational companies are outsourcing their logistic services as more and more companies are venturing into the country to source cheap raw materials. These raw materials are then transported to the company's manufacturing hub for assembly and complete formation. Further to that, the implementation of VAT has reduced the pressure on manufacturers. Earlier manufacturers were forced to open their warehouses across all states in order to avoid double taxation but the phase out of CST has eventually helped them do their business in a friendlier environment.
The need and urgency of the improvement in the logistic industry is greatly felt and pushed by the government. At present there are certain obstacles like poorly developed infrastructure, complex regulatory compliance, and limited utilization of technology on the way upwards. Under-developed infrastructure like roads, communication, and ports is a huge blocking obstacle in the path of success but the government is going deep into the matter to resolve these hampering issues and heighten the reach of the industry.
The expanding reach has compelled logistic industry to spur cross-border trade. Regardless-of this outbreak of activity, it is commonplace also for expert managers of local logistics to get acquainted with the complexity of international trade logistics. Global transportation and relevant services includes much complex documentation than for domestic shipments. It almost includes longer delivery times. Evaluation of the arrival times of international shipments is just a magic than solid fact.
Thus, even the largest multi-national companies avoided logistic services on a worldwide basis. They opt to establish their operations in each country and let them to manage logistics individually.
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