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Wednesday, 21 February 2007
India’s third-party logistics (3PL) market is all set to experience a period of explosive organic growth, according to new research. The report, India Logistics Outlook 2007 by market analyst Datamonitors, predicts high double-digit growth rates for both outsourced and contract logistics in India. With India’s gross domestic profit (GDP) growing at over 9 per cent per year and the manufacturing sector enjoying double digit growth rates, the Indian logistics industry is at an inflection point, and is expected to reach a market size of over US$125 billion in year 2010.
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