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INDIA NEEDS 28.4 MN SKILLED WORKFORCE IN LOGISTICS SEGMENT BY 2020

INDIA NEEDS 28.4 MN SKILLED WORKFORCE IN LOGISTICS SEGMENT BY 2020

INDIA NEEDS 28.4 MN SKILLED WORKFORCE IN LOGISTICS SEGMENT BY 2020

According to a report by National Skill Development Corporation (NSDC), India will need around 28.4 million workers in India’s booming transportation, logistics, warehousing and packaging sector.

The sector, which currently employs over 16.74 million employees, will employ more than 28.4 million employees by 2022. According to the report, this sector will have one of the highest incremental human resource requirement of 11.7 million from 2013-2022, across 24 sectors that have been mapped for assessing incremental human resource requirement in the country.

NSDC stated that rising investment, rapidly evolving regulatory policies, mega infrastructure projects and several other developments in recent times have driven the Indian logistics market, simultaneously, also overcoming infrastructure-related constraints and logistics-centric inefficiency.

The report further states that key growth drivers are the logistics activities, which are currently outsourced and are growing rapidly at a rate of 52 percent. Growth is due to a thrust on marquee projects – dedicated freight corridors, DMIC, JNPT container terminal, and inland waterways. There’s also rapid growth in organised retail, e-commerce, QSR, containerisation, etc.

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