Thursday, Oct 21 2021 | Time 10:10 Hrs(IST)
Business Economy

Logistic sector to create 7,50,000 new jobs in Mumbai region

Mumbai, May 31 (UNI) The infrastructure status and the subsequent
investment coupled with GST implementation will boost the growth of
Logistic industry in India to 10.5 percent CAGR, TeamLease
report said.
According to the report, titled 'Indian Logistics Revolution -
Big Bets, big jobs'the positive growth of the industry will
result in the sector creating around 750,000 new jobs in Mumbai and
3 million jobs across the country in the next four years.
Further, the impact will reflect across all the seven
subsectors namely 1) Road Freight 2) Rail Freight 3)Warehousing
4)Waterways 5)Air Freight 6)Packaging and 7)Courier Services.
According to the report, public investments like the Brownfield
expansion of Mumbai's Chhatrapati Shivaji International Airport
(CSIA) and construction of the Navi Mumbai airport will provide a
boost to the job creation by the sector in the Mumbai region.
From a sub sector perspective the maximum number of jobs in
the Mumbai region will be created by road freight followed by the
air freight sector.
Road Freight is expected to create 530,000 and Air Freight around
106,000 incremental jobs.
Similarly, the cargo growth at ports and ease of doing business
will see waterways creating 55,000 jobs.
The report further stated that Rail Freight will also create
6,000 incremental jobs, over the next 4 years (2018 through 2022) in
the region.
The Courier Services sub-sector will also see a growth of 9,000
incremental jobs over the next 4 years (2018 through 2022) in the
In terms of employer's expectations, acquaintance with
logistics automation systems, technical knowhow, time management are
few of the skills that are in demand.
According to the survey, the data also
highlights the growing need for skill development in the sector.
India's ranking on the Logistics Performance Index (LPI) has
risen to 35 (up from 54 in 2014)
Mumbai has the highest skill gap with severe short supply
and lack of junior level talent (with more than 243,000 people)
Commenting on the potential of the sector, Ms. Rituparna
Chakraborty, Co-founder & EVP, TeamLease Services, said here
yesterday ''The sector is undergoing a tectonic shift. Initiatives,
such as four laning of Solapur - Bijapur section of NH 13, the
sanctioning of Metros 2A, 3, 5, 6, 7 corridors, revolutionization of
the warehousing sub sector by the 3PL (Party Logistics) and 4PL
(Party Logistics) players and the adoption of technology will not
only create innumerable job opportunities but also metamorphose the
skills landscape for logistics sector in the Mumbai Region."
More News

AMO Mobility Launches its New Campaign 'Karle Raho Se Yaariyan’

21 Oct 2021 | 2:19 AM

(Repeating, correcting category)
New Delhi, Oct 20(UNI) Amo Mobility, a brand creating reliable, sustainable, and affordable e-mobility solutions in India, recently launched an ad campaign, ‘Karle Raho Se Yaariyan’. The campaign is aimed at building widespread awareness with the continuous effort for an e-mobility solution and the entire vision is of shifting the paradigm from e-mobility to mass mobility.

see more..
RBI imposes Rs 1 crore penalty on Patym Payments Bank

RBI imposes Rs 1 crore penalty on Patym Payments Bank

20 Oct 2021 | 11:47 PM

New Delhi, Oct 20 (UNI) The Reserve Bank of India (RBI) has slapped Rs one crore fine on Paytm Payments Bank.

see more..

US tech Orbis partners with Signzy to automate customer onboarding

20 Oct 2021 | 7:43 PM

Kolkata, Oct 20 (UNI) US based Orbis Systems which provides turnkey API and technology stack for global brokerages, fintechs and financial institutions has partnered with banking workflow automation platform Signzy to automate customer onboarding.

see more..

Reckitt Signs Agreement with Meghalaya Government, Launches ‘The Birds and the Bees’ programme for adolescents

20 Oct 2021 | 7:30 PM

Kolkata, Oct 20(UNI): Reckitt, the global leader in consumer healthcare, has launched ‘The Birds and Bees Talk’ programme in Meghalaya for children & adolescents.

see more..

A Two-Year-Old baby slipped into Coma due to Multi-Organ Failure, Recovers with ECMO support and Evaded Organ transplantation

20 Oct 2021 | 7:03 PM

CHENNAI, India, Oct. 20, 2021 /PRNewswire/ - A two-year-old boy baby from Calicut, Kerala has miraculously regained consciousness, survived and recovered fully without organ transplantation, thanks to ECMO support service provided by Rela Hospital, a Multi-Speciality Quaternary Care Hospital at Chromepet.

see more..