The clearing and forwarding (C&F) service market in India is growing at a fast pace due to various reasons which are economic, infrastructural and policy factors. India’s economy is growing and this has seen the interaction and interdependence with other economies increase thus requiring efficient transportation and distribution solutions. It is for this reason that trade volumes have directly impacted the C&F sector in a positive manner, as it is the C&F agents that are involved in the smooth movement of goods across borders. The government has been very keen on developing the infrastructure, and this has remained one of the major factors driving the growth of the C&F market. There are government programs and the Dedicated Freight Corridors (DFCs) improving logistics in the country. Better highways, enhanced ports, and exclusive rail tracks are helping in cutting down transit time and expenses, which are the key factors of C&Fs.
Besides, the current system of taxation, especially after the introduction of the GST has also made the taxation system more efficient especially for the movement of goods across different states. This has resulted in the elimination of bottlenecks and delays at different checkpoints and overall improvement of the C&F services. Another factor that has boosted the C&F market is the emergence of e-commerce platforms that has enhanced the availability of C&Fs. The expansion of online selling has placed more pressure on the supply chain to provide efficient solutions for product delivery. In response, C&F service providers are incorporating technology solutions that include real-time tracking, automated documentation and data analytics to address these needs.
In the current issue, we introduce you to the top companies in this sector. In this issue, Industry Outlook has identified the select few companies that have done particularly well in this industry with a high level of dedication. We have found that these companies have gone the extra mile in proving their commitment to meet the customer needs in an integrated manner.
We welcome your feedbacks and suggestion that you may have concerning this special issue.
