The IT spends in the Indian logistics industry is set to increase 2.5 times from current Rs 400 cr to Rs 1000 cr in the next 5 years.
According to a survey by Kale Consultants, technology spending in freight forwarding, which constitutes 14% of the IT demand, is expected to grow by 160% to Rs 170 cr. The market size of the sector is Rs 11,000 cr and is expected to reach Rs 21,000 cr in next 5 years.
“Current IT spends by airports is 1.14% of the overall revenues, but proposed investments of Rs 28,525 cr in the next 4 years will boost the IT expenditure big time in the sector,” the report said.
Similarly, IT expenditure in the segments like warehousing, express and courier services and Radio frequency identification too is set to double over the next five years.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app