Messe Stuttgart India Collaborates with Invest India for LogiMAT India

  • Industry News
  • Feb 19,24
Messe Stuttgart India, a leading trade fair and exhibitions company in the country has announced its partnership with Invest India to boost investments in the logistics sector at LogiMAT India.
Messe Stuttgart India Collaborates with Invest India for LogiMAT India

As per various industry reports Indian logistics market is projected to grow to $563 billion by 2030 (CAGR 9.4%). India is the 14th largest logistics market globally. With the Prime Minister’s vision focused on initiatives such as the National Logistics Policy and Gati Shakti, there is a growing need to enhance the efficiency, reliability, and sustainability of the logistics infrastructure to support the country's economic growth and global competitiveness. Messe Stuttgart India, a leading trade fair and exhibitions company in the country has announced its partnership with Invest India to boost investments in the logistics sector at LogiMAT India. Invest India is the nation's top investment promotion and facilitation agency. This collaboration marks a significant stride towards boosting investments in India's logistics sector, fostering growth, innovation, technology, and sustainability in this vital economic segment.

LogiMAT India, the nation's biggest logistics and supply chain exhibition, is set to take place at IEML Greater Noida, Delhi NCR from February 28 to March 1, 2024. 

Invest India, known for its role in promoting investment opportunities and facilitating business expansion in India, will play a pivotal role in guiding the direction of LogiMAT India towards maximising the impact and benefits for the logistics industry. With its extensive network and expertise, Invest India will provide valuable insights and support to LogiMAT India, ensuring that the exhibition serves as a catalyst for investment, collaboration, and technological advancement in the logistics sector.

Commenting on the partnership, Sachin Patil, Managing Director & CEO of Messe Stuttgart India, the organiser of LogiMAT India expressed his enthusiasm, stating, " It's imperative to recognise that India faces a significant challenge with its logistics costs, which are notably higher compared to the average, currently standing at 14% as opposed to the BRICS average of 11%. This highlights the urgent need for innovative solutions and strategic partnerships to optimise our logistics processes and reduce costs. At LogiMAT India, we are dedicated to addressing this disparity by fostering collaboration, promoting technological advancements, and facilitating knowledge exchange. We are delighted to partner with Invest India to accelerate investments in the Indian logistics sector. With Invest India's support, we are confident that LogiMAT India will emerge as a key enabler of investment opportunities and business expansion in the logistics sector."

Invest India's Managing Director and CEO, Nivruti Rai, highlights the transformative potential of LogiMAT India and says, "I see a lot of value-added through collective intelligence at LogiMAT India. LogiMAT India enables the formation of a consortium that will drive research and development. The logistics sector in India has grown significantly. The goal we are working towards is reducing logistics investment from 14% to 10%, and here we are working on technology that enables efficiency and optimisation. I want to encourage every organisation and business that believes they need to drive scale, grow, and leverage the strength of India to participate in LogiMAT India 2024. When logistics improve, businesses improve. If you want your business to grow, come participate in LogiMAT India. Together, we will drive technology, innovation, and better logistics."

LogiMAT India's partnership with Invest India heralds a new era of growth and investment in the Indian logistics sector. With key segments like third-party logistics (3PL), express logistics, and cold chain logistics poised for substantial expansion, LogiMAT India provides a pivotal platform for industry players to explore cutting-edge technologies and address challenges. As Invest India collaborates closely with LogiMAT India, steering its direction through advisory committee meetings, the synergy between the two entities promises to fuel investments and drive innovation in the logistics industry. By leveraging initiatives like Sagarmala and Bharatmala to enhance infrastructure and promote digitalisation, LogiMAT India, in tandem with Invest India, aims to overcome challenges and capitalize on opportunities, thereby positioning India as a global logistics hub.

In addition to Invest India, LogiMAT India has also partnered with Start-Up India to provide a platform for emerging start-ups in the logistics space. Through this collaboration, LogiMAT India aims to support the growth and development of start-ups by offering them exposure to industry leaders, potential investors, and market opportunities, fostering an ecosystem of innovation and entrepreneurship. LogiMAT India recently announced its strategic partnership with Gati Shakti Vishwavidyalaya, a premier institution helmed by the Government of India, dedicated to skill development in the logistics sector. This collaboration marks a significant milestone in fostering innovation, education, and growth within the logistics industry.

As part of its commitment to driving investments in the Indian logistics sector, in addition to a game changing exhibition, LogiMAT India will host a series of panel discussions, conferences and networking events focused on key investment themes such as infrastructure development, technology adoption, and policy reforms. These sessions will provide attendees with valuable insights into investment opportunities, regulatory frameworks, and industry best practices, enabling them to make informed decisions and forge strategic partnerships.

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