Adani Group, mainly known for port projects in Goa, Gujarat, Chennai, Andhra Pradesh, Odisha, Maharashtra Kerala and Tamil Nadu etc, has made an addition to its logistics portfolio through a new deal with Flipkart. The partnership is expected to strengthen the e-commerce player s supply chain infrastructure. The recent EY-IVCA India Trend Book 2021 report reveals that India s e-commerce sector is expected to reach $99 billion by 2024. It also cites the pandemic as a catalyst for this positive trend since the need to maintain social distance in the new normal has prompted consumers to shop more from online platforms. Accordingly, brands too have revolutionised the way they operate.
Q4FY21 Result Update - Mahindra Logistics - ICICI Direct
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Mahindra Logistics - Q4FY21 Result Update - ICICI Securities
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Mahindra Logistics Ltd Q4FY21 consolidated PAT at Rs 12 41 crore
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NEW YORK, April 29, 2021 /PRNewswire/ The third-party logistics market in India is set to grow by USD 10.74 billion, progressing at a CAGR of almost 8% during 2021-2025. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.
Third-party Logistics Market in India by End-user and Service - Forecast and Analysis 2021-2025
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Aegis Logistics Ltd., Allcargo Logistics Ltd., AWL India Pvt. Ltd., Blue Dart Express Ltd., Delhivery Pvt. Ltd., FedEx Corp., Gati Ltd., Mahindra Logistics Ltd., Safexpress Pvt. Ltd., and TVS Supply Chain Solutions are some of the major market participants. Factors such as the introduction of tax reforms and initiatives for 3PL in India, the growth of the e-commerce sector in India, and the increase in investments for 3PL startups in I