Strategic Insight on the Indian Logistics Industry
|出版商||Frost & Sullivan||商品編碼||359810|
|出版日期||內容資訊||英文 63 Pages
|印度的物流產業的策略性分析 Strategic Insight on the Indian Logistics Industry|
|出版日期: 2016年05月25日||內容資訊: 英文 63 Pages||
印度的物流產業現在面臨了貧乏的運輸·通訊基礎設施和市場細分化，複雜的稅制等課題。但今後由於經濟改革和締結了FTA (自由貿易協定) ，改善運輸基礎設施等因素，相信將帶給物流·服務供應商 (以下LSP) 很大的成長機會。印度政府積極的基礎設施投資和支援政策，電子商務的發達等，一般認為也有助於市場的成長，印度的物流產業年複合成長率 (CAGR)，推算從2010年到2015年以9.7％，預計2016年到2020年將以8.6％的速度成長。
Reforms and Modernization of Transportation Infrastructure will Open Up Growth Opportunities for Service Providers
The Indian logistics industry is fragmented and under developed. Logistics costs are relatively high due to poor physical and communication infrastructure; high dwell time at ports; low levels of containerization; and a multi-layered tax system contributing to significant delays at border crossing points. Development of transportation and logistics-related infrastructure such as dedicated freight corridors, logistics parks, free trade warehousing zones, and container freight stations are expected to improve efficiency. Government reform initiatives, promotion of manufacturing and trade, improving investment climate are expected to transform the industry and drive growth between 2016 and 2020.
Economic reforms, trade cooperation, improved transportation infrastructure, and industrial growth is ushering in increasing opportunities for the logistics service providers (LSPs) in India. Presently, the Indian logistics industry is witnessing development and expansion of its existing infrastructure, emergence of e-commerce specific logistics solutions, has a strong focus on manufacturing, but also has a large presence of unorganized service providers.
Indian Logistics Industry is expected to grow at a CAGR of 8.6 percent between 2015 and 2020, which grew at a CAGR of 9.7 percent during 2010-2015. Transportation and Communication accounted for 7.0 percent of the nation's GDP in 2015, accounting for around US $130.44 billion. The key drivers of this growth are infrastructure investment associated with ports, airports, and other logistics development plans, domestic demand growth and increasing trade.
Key trends observed in the Indian logistics industry are:
The industry outlook highlighted India's trade scenario and its contribution to the logistics industry, with details on port traffic, sea, air and road freight. India's exports are primarily driven by manufacturing products, fuel, minerals and agriculture products. The Government of India's Foreign Trade Policy (2015-2020) aims to increase the value of trade to US $900 billion by 2020, by aligning with Government initiatives such as Make in India, Digital India, and Skills India to promote exports growth. Asia leads the share of trade for India, while America and Europe are the other key regions. Exports to Asia, Europe, and America accounted 88 percent of the total exports in 2014.
Sea freight in India is a major contributor to the freight movement as more than 70.0 percent of the international trade is through sea ports. It is expected to grow by 5.7 percent driven by the demand from Asia, Europe, and Africa. Major ports contributed 55.0 percent of the total sea freight and the capacity will expand as three additional ports are planned in West Bengal, Maharashtra, and Tamil Nadu. Containerised cargo tonnage is likely to cross 123 million ton in 2016 and is likely to grow by 4 percent driven by port modernization and expansion plans.
Port traffic in major Indian ports has grown by 1.8 percent between 2010 and 2015. But there has been uneven growth with ports located in the Western Coast and Gujarat witnessing consistent growth due to port privatization and industrial growth (Kandla has the highest share of port traffic - more than 15 percent). The infrastructure challenges at Indian ports include limited capacity, pre-berthing delays, longer ship turnaround time, inadequate draft etc.
Share of road transport in total freight volume has been increasing in recent years. The road freight volume in India is forecasted to be 2211.24 billion freight tonne kilometre growing at 4.7 percent. As per the Government target, additional 50,000 km of national highways is expected to be added by 2020. The Ministry of Road Transport and Highways plans to award close to 5,000 km to private companies during the 2016-17 period which is worth approximately $7.69 billion.
Frost & Sullivan analysis finds that the logistics industry is expected to increase by over 8 percent during the forecast period.The factors that can drive this growth include, high costs of maintaining in-house logistic activities, rising complexity in supply chains due to growth in global sourcing and distribution practices, increasing orientation of manufacturing industries to focus on core competencies, and growth in online retailing. Along with the growth drivers, improving weak infrastructure connectivity and distribution networks, developing specialty storage facilities, bringing in uniform regulations and removal of administrative hurdles to prevent loss of time to deliver across borders is required to achieve the desired results.