The logistics market in India is on track for
significant growth, with projected revenues expected to reach $357.3 billion by
2030. However, despite this promising potential, a recent report by McKinsey
& Company points to a concerning decline in logistics funding following the
pandemic. After receiving a record $25.6 billion in venture capital in 2021,
investments in logistics startups dropped sharply to just $2.9 billion in
2023โan almost 90% decline, marking the lowest point since 2015.
Several factors are contributing to this pullback
from investors, including high interest rates, a global slowdown in the
shipping industry, and an oversupply of cargo carriers leading to falling
freight rates. To address this issue and restore investor confidence, Messe
Stuttgart India, one of the worldโs leading trade fair and
exhibition companies, has partnered with Startup India to provide a platform
for logistics startups through LogiMAT
India 2025.
This strategic partnership at LogiMAT India 2025
aims to empower Indian industries and startups, enhance operational efficiency,
and align with evolving global standards. It also supports the governmentโs
vision of Viksit Bharat 2047, aiming to position India among the top 25
countries in the Logistics Performance Index by 2030. Furthermore, the PM Gati
Shakti initiative and National Logistics Policy are key pillars of India's
transformative approach, focused on creating a unified and efficient multimodal
transport system for the sector.
source: https://lnkd.in/gphbVku8
