Monica Bachchan Duvvuri’s Post

India's leap in logistics signals a bright economic future! Projected to hit $484.43B by 2029 from $317.26B in 2024, the sector benefits from significant government backing in infrastructure and policy reform. This growth is vital for India's goal to be the world's 3rd largest economy. From road connectivity enhancements to digital innovations like the Unified Logistics Interface Platform (ULIP), India's strategic focus on logistics is not just about growth but reshaping global trade dynamics. Read our latest blog to know more about it: https://lnkd.in/gUXfttGG

Driving India's economic edge: Cutting logistics costs, boosting sustainability, and transforming infrastructure for a future-ready supply chain. A bold step towards global competitiveness and green growth! Read more like this on https://zurl.co/szva #logisticscost #logisticsindustry #growth #supplychain #logisticsgrowth #logisticsmanagement #logisticsinnovation #logisticsfuture #logisticsindustrynews #logisticsindustrytrends #logisticsindustryinsights

India’s Growing Role in the Global Supply Chain: A Path to $1 Trillion Exports As the global supply chain landscape evolves, India is emerging as a key player, poised to become a major alternative for companies looking to diversify away from China. The government's ambitious goal of reaching $1 trillion in goods exports annually by 2030 reflects India’s determination to boost its manufacturing sector and increase its share of global trade. While India’s manufacturing sector still accounts for less than 20% of the economy, strategic investments and capex are driving import substitution, which is a critical step toward reducing dependency on foreign goods. However, as highlighted by JP Morgan, the focus must now shift to translating this growth into a larger share of global exports. With total exports reaching $778.2 billion for the 2024 fiscal year, there is significant momentum, and continued investments in India’s manufacturing capacity can unlock even greater potential on the global stage. The future of global supply chains is shifting, and India’s role is only set to grow! 🌍🇮🇳 #SupplyChain #IndiaExports #Manufacturing #GlobalTrade #IndiaGrowth #EconomicDevelopment

India's trade growth faces a critical challenge: Container production isn't keeping pace with demand. Containers revolutionized global trade, but India's shortage is limiting potential. Here's the situation: - New ports and economic corridors planned   - Heavy reliance on Chinese container imports   - Shortages drive up freight rates   - Global crises impact availability and costs The government is taking action: - Incentives for local container production   - Subsidies to boost manufacturing   - Enhancing container yard capacities   - Reducing repositioning costs But is it enough? India needs a robust container ecosystem to compete globally. It's not just about production, but efficient management too. Remember: A thriving container industry isn't just nice to have. It's essential for India's economic future. P.S. Do you know to which country India exports the most ? --------------------------------------- 🔔 I am a reminder Vishal Chandak --------------------------------------- #Exports #InternationalTrade #Entrepreneurship

India Review remarks, “India is emerging as a reliable alternate destination for manufacturers and supply chain diversification due to its large labour and consumer base, low operating costs, and linkages to important international markets.” #SupplyChainIndia #SupplyChainManagement #LogisticsIndia #ManufacturingIndia #ITIndustry #PharmaIndustry #TextilesIndia #AutomotiveIndustry #EconomicGrowth #BusinessOpportunities

Navigating Global Supply Chains: Insights from Recent Discussions I recently spoke with a China-based supplier who shared that they have stopped supplying to India due to declining competitiveness. This trend underscores a significant shift in global supply chains: India’s manufacturing sector is increasingly challenging traditional suppliers. In comparing labor markets, while China has historically offered low-cost manufacturing, India is emerging with a skilled workforce and competitive wages. As Indian producers become more affordable, foreign suppliers are feeling the impact. Per capita GDP offers additional context. Although China leads with a higher per capita GDP, India’s economy is growing rapidly, driven by a youthful demographic and initiatives like "Make in India." Favorable currency dynamics, with the depreciation of the yuan against the rupee, further enhance India’s attractiveness as a sourcing destination. As companies reassess their supply chains, this presents a unique opportunity for Indian businesses to innovate and expand. The evolving landscape calls for agility in sourcing and manufacturing strategies. Let’s embrace these changes and explore new partnerships for growth in this dynamic market! #IndiaChina #Globalsourcing #supplychain #sourcing #makeinIndia #procurement

Is India Ready for the Next Wave of Free Trade Agreements? - Strategic focus is essential; identify sectors where India has a competitive edge like services and digital. - Past trade agreements negatively impacted industries such as steel, cement, and electronics. - Protectionism vs. Growth: Balancing protectionism with global trends is critical for economic health. - Emphasize sector-specific deals; break down negotiations into commodities, logistics, and digital trade aspects. - Improve logistics and integrate digital systems to reduce costs and enhance competitiveness. Strategic negotiation requires evidence-based research, stakeholder input, and interdisciplinary expertise to navigate complexities and secure beneficial outcomes for India’s economy. Let's approach FTAs with a clear strategy, mindful of past lessons, to drive growth and integration with global supply chains https://lnkd.in/gaaMkPFg #FreeTradeAgreements #IndiaEconomy #GlobalTrade #DigitalTrade #StrategicNegotiation #EconomicGrowth #Protectionism #CompetitiveAdvantage #Logistics #SectorSpecific #TradePolicy What do you think about India's approach to free trade? Do you believe we can find the right balance between protectionism and growth? Share your thoughts or experiences below! Your insights are valuable!

India is keen to expand the role played by its manufacturing sector to increase it's contribution to national economic growth and to benefit from shifts in global supply chains. However, Indian firms must establish stringent manufacturing standards to attract investments, engage in global value chains, deliver top-quality products, enhance efficiency, increase competitiveness, and meet international market demands to achieve this. Read our article about how India is setting standards for manufacturing excellence: https://ow.ly/Ci1l50TzGmi #AsiaBriefing #IndiaBriefing #ManufacturingStandards #GlobalValueChains #IndianManufacturing #EconomicGrowth

As global supply chains evolve, India stands at a pivotal crossroads to enhance its manufacturing prowess. Key measures such as infrastructure investments, upskilling initiatives, and fostering robust trade agreements are crucial. These efforts aim to bolster efficiency, reduce costs, and attract foreign investment, positioning India as a competitive alternative in global manufacturing. Challenges like regulatory complexities and labour market reforms remain, yet different initiatives have showcased India's commitment to fostering a conducive business environment. By focusing on these strategic imperatives, India can not only diversify global supply chains but also strengthen its role as a prominent player in the global economy. We invite you to visit our website to explore how our tailored approaches can drive sustainability in your supply chains and enhance your competitive edge in the global market. Learn more: https://lnkd.in/dJMavkMb #SupplyChain #Manufacturing #Sustainability #BusinessStrategy #GlobalTrade #EcoEdge #Infrastructure #Upskilling #TradeAgreements #SustainableSupplyChains Confederation of Indian Industry CII-ITC CESD Seema Arora Shikhar Jain Lakshmi I. Swati Tewari Priyanka Choudhary Sherry Pande

India's rise in the global supply chain industry is gaining attention! Forbes highlighted India as a key player, attributing this success to new infrastructure developments and a skilled workforce. Want to explore how India's growth can benefit your business strategy? 🔗 Read more on Forbes: https://lnkd.in/eeuYSxQu Key Takeaways India is quickly becoming a key player in global manufacturing, and according to the Business Standard, that role will only grow in the next few years. With lower tariffs, lower landed costs, and special incentives for many industries, India is a solid option to diversify your global supply chain. #SupplyChain #BusinessGrowth #India #GlobalTrade