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Logistics to fast-track employment in Chennai
The infrastructure status and the subsequent investment coupled with GST implementation will boost the growth of the Rs 14,19,000 cr logistics industry in India to 10.5% CAGR, states a report titled Indian Logistics Revolution – Big Bets, Big Jobs
By
migrator
migrator
Chennai
KEY FINDINGS OF THE SURVEY
- 3 million new jobs
- To be created in the logistics sector in India in four years
Rs 6 lakh crore
Public investment is the prime factor driving job growth
Infrastructure status
Accorded to the Logistics sector in 2017 is second most important growth driver. This will improve access to low cost, long-term credit
GST implementation would formalise the sector and bring in operational efficiency
Macro-economic and regulatory factors will transform the sector and improve its global competitiveness, thereby reducing logistics costs from 14.4% of GDP by about 2%
CITY SCENARIO
- 2.45 lakh new jobs
- To be created in Chennai through seven sub-sectors of logistics. This is due to infrastructure and public investment, industry evolution and consumption
The seven sub-sectors are:
Road | Rail freight | Air freight | Warehousing | Waterways | Packaging | Courier services
Incremental employment creation (2018-2022)
- 1,30,215 jobs in road freight to be created from construction of arterial road network connecting Nemilichery, Nallur and Minjur and the proposal of Bengaluru-Chennai Expressway
- 50,000 jobs in waterways from growth of cargo in ports and ease of doing business, the government’s initiative to modernise and develop ports to ‘Hub Locations or Coastal Economic zones’
- 40,000 jobs in Air Freight owing to the economic growth and evolving regulation, rising outsourcing, high infrastructure investment and easier customer clearance
- 7,000 jobs in the rail freight sub- sectors via the expansion of Chennai metro corridor – from Washermanpet to Chennai Central Station and Chennai International Airport will create opportunities and thousands of jobs across all sub-sectors of Logistics in Chennai region
- 8,000 jobs in warehousing, 4,000 in packaging and 6,000 from courier services
- Creation of multimodal logistics parks and logistics clusters to enhance freight transport
- Maximum jobs are expected to be created at the junior level with some basic skills like interaction with client, analysing business requirement and smart time management and route navigation
- 1.2 lakh is the dearth of skilled people in the junior level across all 7 sub sectors in Chennai which indicates a severe demand supply gap giving ample opportunities for talent mobility into the sector and skill development for the sector
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