With a turnover of Rs 1,100 crore and
warehouses across 137 cities in India, Inland World Logistics aims to reach a
turnover of Rs 5,000 crore in the next five years. With a focus to increase
rail logistics and offer value chain to customers, the company is looking at
investing Rs 200 crore in three years.
Praveen Somani, director, Inland World
Logistics has said, "Our company is growing at 12-13 percent year-on-year.
This year we have registered a growth of 11 percent till now, the certain dip
is due to market conditions (GST along with demonetisation). By the end of FY
2018, we expect the business to bounce back and close the year with 13 percent
growth. It is an exciting time for logistics industry since a lot of
streamlining of regulations is underway. The organised logistics companies will
have a better maneuverability."
Elaborating on the expansion plans,
Somani, said, "Earlier the focus of the company was towards road
logistics, now we have increased our focus to rail logistics providing complete
solution to our customers. In addition, we are scouting for locations in the
Northeast India to develop a private freight terminal along with warehouses.
The development of multimodal connectivity in the northeastern region of India
and incentives by the government to set up industries at this region will
certainly boost trade flow from North East.
Furthermore, we have proposed a
logistics park at logistics park zone in Bhiwandi, Maharashtra, however certain
approvals are awaited. Currently, we offer 3PL services and going forward we
will also focus on 4 PL services shortly," he added.
Commenting on infrastructure status awarded
to logistics industry recently, he said that infrastructure status is a good
initiative, however it will be beneficial only for logistics infrastructure
companies. It will help to get foreign loans, cheaper credits, long-term
credits making it competitive and easy to work in the market. We have also
requested to bring transport companies in the ambit."
Talking about the trends in the
logistics industry, Somani, said, "Steps taken by the government to
improve infrastructure in the country will help to reduce the logistics cost.
Another trend to look forward in the coming years is technology. It will be a
game changer. Also, big MNCs are making an entry in the Indian market."
Inland World Logistics also caters to
SAARC countries mainly Nepal, Bangladesh and Bhutan. These are mainly
consolidated cargo, project cargo, bulk handling, FCL etc.