Business deals worth $500 million (around Rs 4,148 crore) are expected to be sealed at the three-day international logistics fair international logistics fair, LogiMAT India 2024, which started on Wednesday, organiser Messe Stuttgart India said.
A staggering $500 million deals or transactions are expected at LogiMAT India, showcasing the robust business environment and potential for growth within the logistics sector, the statement said.
India’s logistics sector, employing nearly 22 million people and valued at $215 billion, plays a crucial role in the nation’s economy.
Positioned strategically, the LogiMAT India aligns with initiatives such as the National Logistics Policy and GatiShakti, aiming to enhance efficiency and reduce logistics costs.
By bringing together the industry under one roof, LogiMAT India aims to foster innovation, efficiency, and global competitiveness in India’s logistics sector.
Over 100 brands, including industry pioneers like Addverb, Jungheinrich, Daifuku, System Logistics, Craftsman Automation, Accio Robotics, Doosan Bobcat, Armstrong Dematic, and many more, are set to unveil 250-plus cutting-edge technologies at the debut edition of LogiMAT India.
