Logistics to be full of opportunities for youth in coming years with huge scope for investment : Rajeev Chandrasekhar
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Union Minister of State for Skill Development Rajeev Chandrasekhar has said logistics will be an area full of opportunities for young students in the coming years with a huge scope for investment, entrepreneurship and employment. He noted that the world is looking at resilient logistics and trusted supply chains, moving away from risk and towards trusted resilient economies.
He mentioned ‘Logistics will be an area full of opportunities for young students in the coming years, as much as semiconductors, electronics, and information technology, with a huge scope for investment, entrepreneurship and employment. This is an interesting time for the world, representing opportunities and challenges and in this context, India has become the fastest growing nation of the world. And India is being looked upon by the world with a lot more respect.’
He stated the focus and discussion on logistics are important in coastal states like Odisha. Further, he said In 2014, 82 per cent of mobile phones consumed in India were imported. In 2022, almost 100 per cent mobile phones consumed in India are manufactured in India. In 2014, India used to export almost zero mobile phones and this year alone, India has exported Apple phones, Samsung phones made in India to the tune of about 11 billion dollars.
He added one of the arguments for India for many decades had been that India did not have a viable market and the capacity to become a global manufacturing hub as the logistics cost of doing business in India was not competitive. Today global majors are manufacturing semiconductors, electronics, mobiles and many more products in India, exporting and selling in India as well as the underlying logistics ecosystem has become more efficient.
