31 Jan, 2024
Posted by jeenalogistics
Freight Forwarders in India
In the past five years, India has emerged as the world's fastest-growing major economy, driven by a surge in demand for goods and services. This economic momentum is significantly attributed to the freight forwarders of the country.
Currently, the logistics sector accounts for five percent of India's Gross Domestic Product (GDP) and employs 2.2 crore people. The country handles a staggering 4.6 billion tonnes of goods annually, incurring a total annual cost of INR 9.5 lakh crore. These goods encompass various domestic industries, with 22 percent being agricultural products, 39 percent mining goods, and another 39 percent comprising manufacturing-related commodities. The majority of these goods are transported by trucks and other vehicles, while railways, coastal and inland waterways, pipelines, and airways contribute to the rest.
India's freight transport system assumes a crucial role in supporting the country's ambitious priorities. Freight Forwarders have a significant role in India’s growth. Let’s explore their significance and how they are contributing to India’s growing economy.
Freight Forwarders in India
- Fostering Skill Advancement to Boost Employment
The burgeoning freight forwarding services sector in India is a catalyst for positive shifts in employment and skill development. Opportunities within the dynamic logistics and transportation domains span diverse roles, from truck drivers and warehouse operation managers to logistics coordinators and supply chain heads. This job creation propels economic advancement and empowers individuals nationwide.
Furthermore, the expanding realm of freight forwarders in India necessitates a focus on skill development. Recognizing this imperative, freight forwarders have come up with diverse training programs and skill enhancement initiatives to equip individuals with the requisite knowledge and proficiency to thrive in the logistics industry. Skill development aids nurture entrepreneurship and empowers individuals to establish their own successful logistics ventures, contributing further to the sector's growth.
- Fueling Industrial Advancement and Boosting Manufacturing
Freight forwarders in India play a pivotal role in propelling industrial development and bolstering manufacturing sectors in India. By ensuring the prompt delivery of raw materials, equipment, and components, freight forwarders uphold the uninterrupted operation of production lines across various industries including automobile, textile, electronics, pharma, etc.
Furthermore, freight forwarders are instrumental in nurturing the expansion of industrial clusters and Special Economic Zones (SEZs). These zones provide an optimal environment for manufacturing activities, attracting both domestic and foreign investments. By establishing seamless connectivity between these industrial hubs and global markets, freight forwarders facilitate businesses in efficiently importing raw materials and exporting finished products, thereby fostering industrial development and driving economic progress.
- Boosting Supply Chain Efficiency and Affordability
Freight forwarders in India actively strive to achieve supply chain efficiency by harnessing cutting-edge technologies like artificial intelligence, tracking systems, and the Internet of Things (IoT). Freight Forwarders render complete work transparency through real-time visibility for shipment tracking. This empowers businesses to make data-driven decisions, minimize disruptions, and enhance overall supply chain management.
Moreover, freight forwarders conveniently reduce operation costs and heighten cost-effectiveness by creating a synergy between businesses and logistics operations. Leveraging expertise in route optimization, consolidation, and warehousing, freight forwarders assist businesses in streamlining their logistics processes, thus enhancing operational efficiency. This, in turn, contributes to heightened competitiveness and fosters economic growth.
- Enhancing Infrastructure and Streamlining Connectivity
The development of a resilient logistics infrastructure plays an imperative role in optimizing supply chain management and facilitating the smooth movement of freight. Freight forwarders in India actively contribute to this goal by prioritizing improvements in transportation networks like ports, airports, and roadways. Strategic investments in these key areas result in optimized connectivity, decreased transportation expenses, and shorter transit durations. A strategically designed infrastructure encourages the adoption of multimodal logistics. By seamlessly integrating various modes of transport, including air, road, and sea, freight forwarders empower businesses to achieve cost-efficient and swift movement of goods globally. The final integration of different modes of multimodal logistics not only elevates India’s competitiveness globally but allows businesses to capitalize on various transportation options, thereby fortifying the economy.
In conclusion, the role of freight forwarders in India is indispensable in shaping India's logistics landscape. As the country continues to witness economic growth and global integration, the efficiency and effectiveness of freight forwarding services become paramount. Jeena and Company, with its 120-year legacy, exemplifies the resilience and adaptability required to thrive in this dynamic industry. Our ability to navigate challenges, leverage technology, and foster strong global partnerships has contributed significantly to the growth and development of India's logistics landscape.
