27 August 2020
Spire webinar discusses India’s growing E-Commerce Logistics Industry
Spire India Country Director, Saurabh Sharma, and Assistant Manager, Vinita Nath, along with Piyush Aggarwal, Engineering Manager of Snapdeal, discussed the recent trends and opportunities in India’s E-Commerce Logistics Industry in Spire’s webinar.
India’s logistics industry has massive growth potential. It is projected to hit the market value of USD500 billion in 2025, twice its value in 2018. Saurabh explained that the population’s accessibility to affordable internet and smartphones has positively contributed towards the growth of the E-Commerce industry, which in turn fuelled the logistics industry.
To illustrate that, Vinita gave an overview of India’s E-Commerce logistics industry. She included recent developments such as the introduction of Goods and Services Tax (GST) and 100% Foreign Direct Investment (FDI) in the warehousing sector, which is a key part of the logistics ecosystem. Vinita added that the captive logistics arms of key E-Commerce players hold 49% market share in India’s E-Commerce logistics.
Snapdeal’s Piyush gave his take on how the pandemic boosts the E-Commerce industry in India, as more people switch to online shopping to avoid crowds. He highlighted that online payments are expected to grow about 25% in 2020 as consumers are opting for contactless payment modes. Piyush added that the China-India border tensions has also positively contributed towards India’s E-Commerce growth, with consumers there switching to local E-Commerce solutions.
Watch UNCAGED: India’s E-Commerce Logistics Industry here!
For media enquiries, please contact:
Manager, Group Corporate Communications
Spire Research and Consulting
Phone: (65) 6838 5355