The sunrise segment is growing at 15% in India, says Reiner Allgeier, managing director of Schenker India, the local arm of DB Schenker, the transport and logistics division of the 39-billion-euro Deutsche Bahn Group.
is extremely bullish about the segments growth prospects in India, despite the several constraints the Indian market faces.
Logistics expenditure in India is almost double compared with the developed countries because of India not having a fully developed infrastructure and its over-dependency on road for domestic transportation, says Allgeier
sees the road ahead as promising.
With the proposed development of infrastructure for road, rail and other transportation for inland movement, and some other initiatives by the government, like implementation of a uniform tax structure across India, opening new logistics parks and warehousing facilities, developing dedicated freight corridors, and promoting special economic zones, are likely to bring the logistics cost at a proportionate factor of the product costs, Allgeier
The DB Schenker
says, has identified India as a growing market and as a place for future investments.