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India will have 4.3 Million Additional Logistics Workforce Requirement by 2030: Report

By: Editorial Desk

LogiMAT India 2025 Partners With Logistics Sector Skill Council (LSC) To Address This Demand

by Editorial Desk
January 30, 2025
in HR
Reading Time: 3 mins read
India Will Have 4.3 Million Additional Logistics Workforce Requirement By 2030: Report

India Will Have 4.3 Million Additional Logistics Workforce Requirement By 2030: Report

Summarize with:

The logistics and global supply chain industry in India is witnessing remarkable growth, driven by technological advancements such as artificial intelligence, machine learning, blockchain, and IoT. With this, the demand for logistics expertise and skilled professionals is also increasing to meet the evolving challenges of the industry. According to the Logistics Sector Skill Council (LSC), 44% of the workforce in the freight logistics sector has no vocational training, while only 4% have received formal vocational training. To address this gap and enhance skill development in India’s rapidly growing logistics sector, Messe Stuttgart India’s show – LogiMAT India 2025 and the Logistics Sector Skill Council have joined forces.

As per their insights, 4.3 million additional workers will be required between 2024-2030, with concentrated demand in states like West Bengal, Tamil Nadu, and Maharashtra. This partnership is poised to focus on workforce upskilling through a combination of certifications and on-the-job training, ensuring that training programs are closely aligned with the industry’s evolving needs. By addressing the significant skill gap in technical, business, and communication areas, the objective is to equip professionals with the skills and expertise necessary for the sector. Additionally, the integration of emerging technologies such as AI, IoT, and ERP will play a crucial role in shaping the training programs, ensuring that the workforce is well-prepared for the future developments of logistics in India.

Mr. Aditya Gupta, Interim CEO, of Messe Stuttgart India says, “As we look towards the future, the freight logistics sector is poised for significant growth, with employment projected to rise from 9.5 million in 2023-24 to 14.6 million by 2029-30, reflecting a robust compound annual growth rate of 7.05%. This remarkable expansion, alongside increased productivity and reduced logistics costs, will play a key role in bolstering the Indian economy. Through LogiMAT India 2025’s partnership with the Logistics Sector Skill Council, we aim to address the critical need for strategic skill development, a cornerstone of India’s growth. Together, we are committed to fostering skill enhancement within the logistics sector and contributing to the continued growth of the logistics ecosystem.”

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The data also highlights that the logistics sector’s Gross Value Added (GVA) is projected to rise from INR 8.85 Lakh Crores in 2022 to INR 17.36 Lakh Crores by 2030. This growth includes substantial investments in infrastructure, training programs, and technological advancements. Initiatives like PM Gati Shakti and the National Logistics Policy are key drivers of these investments, which aim to develop multimodal logistics parks, enhance digital systems, and reduce logistics costs.

Mr. Ravikant Yamarthy, CEO of the Logistics Sector Skill Council emphasised, “The partnership between the Logistics Sector Skill Council (LSC) and LogiMAT India 2025 marks a significant milestone in advancing skill development within India’s logistics and supply chain sector. Through co-curated specialized workshops, discussions and training programs, we aim to bridge industry skill gaps, equip professionals with cutting-edge knowledge, and promote best practices. This collaboration reflects our shared commitment to fostering innovation, enhancing workforce capabilities, and driving the sector towards global excellence”

The second edition of LogiMAT India 2025, India’s most extensive logistics exhibition and the highly anticipated satellite trade fair, will take place from February 13th to 15th, 2025, at the Bombay Exhibition Centre in Mumbai. This event, which will bring industry stalwarts together to network with peers, explore new business opportunities, expand into new markets, and maximize brand visibility, aims to revolutionise the logistics landscape in India through cutting-edge innovations in warehouse automation, smart delivery systems, and supply chain solutions.

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Summarize with:

Tags: Additional Logistics Workforce Requirement By 2030apac mediaglobal supply chain industryLogiMAT India 2025LogisticsLogistics Sector Skill CouncilMr. Ravikant Yamarthyogisticswitnessing remarkable growth
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