Mahindra Logistics Ltd. (MLL), one of India’s largest 3PL solution providers, is strengthening its focus in the Eastern markets, specifically West Bengal and considers the State as one of its key regions for growth. With a thriving industrial and business hub, the region holds strategic value for the company’s growth, especially in the FMCG, Retail and e-commerce sector. In the post GST scenario, MLL is already operating warehouses all over the country, including Kolkata. The company believes that there is a potential to add more warehousing capacity to serve the entire eastern region.
At present, MLL is considered to be one of the largest Third-Party Logistics (3PL) service providers in the country to the FMCG & e-commerce sector and its allied industries, besides its automobile, engineering, bulk and people transport business. Not only that, it also serves leading companies including India’s largest e-commerce giants and consumer majors. Being one of the largest logistics service providers, the company has to its credit a number of technology and process innovations. These constant enhancements and the ability to adapt to various situations, has made MLL, an expert in servicing its varied clients across the country.
There is no denying the fact that the eastern and the north-east as a region witnessed numerous infrastructure developments recently, especially in inland waterways. In the last two quarters alone, India’s first inland water logistics was launched when 16 containers were shipped from Kolkata to Varanasi on the river Ganga. West Bengal has 295 rivers, making it ideal for developing inland waterways. The country’s first Ro-Ro service was launched in the World’s largest river island – Majuli, on the Brahmaputra river in Assam. The state also saw the inauguration of India’s longest rail-road bridge, Bogibeel to improve the logistics along the border of Assam and Arunachal Pradesh. As per Udan project, new airports have been launched across North East.
In this regard, Mr. Pirojshaw Sarkari, CEO, Mahindra Logistics Limited, said, “West Bengal and the entire Eastern region is key for Mahindra Logistics. Kolkata continues to become a transit logistics gateway for the entire East, given its accessibility and connectivity. We are keen to increase our presence in the region and cater to the fast-growing e-commerce and FMCG / consumer clients here. With the increased focus by the government in the region, we look forward to continued business growth – from existing as well as new customers”.
The Indian logistics sector has received major boost due to various factors including GST implementation, E-way bill, Department of Logistics, infrastructure status by the Govt, technological advancements amongst others. The domestic logistics sector is projected to grow at CAGR 13 per cent to Rs 9.2 trillion by FY20 from Rs 6.4 trillion in FY17. Further, the third-party logistics space is expected grow at a 19-20 per cent CAGR to reach Rs 580 billion by 2019-20 from Rs 325-335 billion in FY17.