The infrastructure status and the subsequent investment coupled with GST implementation will boost growth of logistics industry in India to 10.5% CAGR.
The seven sub-sectors –
will create over 2,45,000 new jobs in Chennai region and three million jobs across the country by 2022 due to infrastructure investment, industry evolution, consumption and public investment.
Initiatives such as construction of arterial road network connecting Nemilichery, Nallur and Minjur and the proposal of Bangalore-Chennai Expressway would contribute to road freight creating maximum impact with 1,30,215 incremental jobs.
Owing to economic growth and evolving regulation, rising outsourcing, high infrastructure investment and easier customer clearance, air freight will add 40,000 incremental jobs.
The expansion of Chennai metro corridor from Washermenpet to Chennai central station and Chennai airport will create opportunities and thousands of jobs across all sub-sectors of logistics in Chennai region.
Rail freight sub-sectors will create 7,000 incremental jobs, over the next four years (2018 through 2022).
Creation of multi-modal logistics parks and logistics clusters to enhance freight transport and reduce costs and time by improving the tracking and trace ability of consignments will transform the packaging, warehousing and courier sub-sector.
Warehousing division will create 8,000 incremental jobs and the packaging sub-sector is set to create 4,000 incremental jobs.
The Courier Services sub-sector will see growth of 6,000 incremental jobs over the next four years (2018 through 2022).