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Logistics sector to create 1.96 lk jobs in Hyderabad during next 4 yrs: TeamLease Report

Hyderabad, June 19 (UNI) According to TeamLease report ’Indian Logistics Revolution – Big Bets, Big Jobs’, the Logistics sector in India will see a growth of 10.5 per cent CAGR due to GST implementation and the subsequent investment, coupled with the infrastructure status.
A positive growth of the industry will result in the sector creating around 1.96 lakh new jobs in Hyderabad and three million jobs across the country in the next four years. The impact will reflect across all seven sub sectors-Road Freight, Fail Freight , Warehousing, Waterways, Air Freight, Packaging and Courier Services.
Economic growth, high infrastructure investment and rising outsourcing will contribute to 1,45,307 incremental jobs in Road Freight.
Similarly, the evolving regulations are improving ease of doing business and resulting in growth of cargo, which will aid in creating 26,000 incremental jobs in Air Freight.
Further, the report also highlighted that Rail Freight sub-sectors will create 4,000 incremental jobs, over the next four years (2018 through 2022).
The warehousing, courier and packaging sub-sectors will see a major growth with urbanization, growing customer segments, packaging innovations and IT adoption. The courier services sub-sector will see a growth of 11,000 incremental jobs over the next four years, while the warehousing division is set to create 7,000 incremental jobs. The packaging sub-sector will add 3,000 incremental jobs over the next 4 years (2018 through 2022), the report said.
UNI VV RJ 1550
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