Related topics: Commercial Services
Indian companies’ greater use of third party logistics (3PL) is predicted to drive the market in coming years, helping revenues rise from $1.5bn (€1.1bn) in 2008 to $4bn in 2012, according to industry analyst RNCOS.
The Indian 3PL market is currently in an early stage of its development, with predominately multinational companies using the services, but it is predicted to grow as domestic pharma, auto and IT hardware companies increase outsourcing.
In developed markets such as the US and Europe 3PL usage is more than 50 per cent in most industries but India is currently lagged behind in its outsourcing of logistics activities.
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