In the three years that India’s automotive industry has seen stagnant or declining volume, its supply chain has also fallen back. India has a widening trade deficit in automotive parts, for example, particularly with China, said Mehta. Logistics providers have also struggled to maintain fleets and stay profitable. More broadly, as India faces chronic infrastructure shortages, it has also seen drops in private and foreign investments in ports and roads.
Along with growth, logistics executives hope that the government will invest in infrastructure and cut through red tape, not least on policies such as the GST. And there were some signs of improvements ahead. There is also continued investment along a $16 billion dedicated freight corridor for rail freight, which is expected to increase capacity and service speeds significantly.
Clearly, India’s automotive logistics sector still has its hope and promise: the potential of a flourishing market, ambitions to improve operations, and the expectation that the country’s economic and regulatory framework will improve.
This year's conference in India will be held at Leela in Delhi on 8-10 December.
As a Global sponsor, WWL will be present with representatives and a booth, and will be looking forward to welcoming many visitors at this event.
Managing Director of WWL India Gur Kohli will be a speaker on Wednesday 9 december, session 2: India, an automotive centre of excellence. Make sure that you don’t miss it!
For more information please visit: http://automotivelogistics.media/events/india-conference/conference-2015/overview