NOVONOUS Release the "Freight Transport Industry in India 2009-2014" Report
Freight Transport Industry in India is poised to grow with the increased government spending on infrastructure and booming economy. This report provides an in-depth outlook on Freight Transport Industry in India.
Tweet-- NOVONOUS announces the release of its new report titled "Freight Transport Industry in India 2009-2014".
With India's gross domestic product growing at over 7% now estimated at US$ 1.22 trillion per year and the manufacturing sector enjoying double digit growth rates, Indian freight industry is expected to grow at a rate of 10%.
India spends 15 to 20% of its GDP on transport and logistics compared to an average 8 to 10% in other developing countries. The freight transportation industry trends also indicate that freight operations which are port based predicted to grow at 20% to 25%, with the proposed capacity additions at major and minor ports. This report provides industry professionals and strategists- sector analysts, investors, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the Indian freight transport industry. India also has some growth enablers today, in the form of over US$ 500 billion worth of infrastructure investments, planned in government's 11th five year plan from 2007 till 2012.
According to NOVONOUS estimates Rail freight will experience steady but less spectacular growth, given the predominance of the state-controlled Indian Railways and will grow at a rate of 10%. All other transport modes should experience faster growth, with international air cargo turnover performing strongly as more private airlines join the market. Sea transport through India's major ports will also perform well and grow at 9.2% with the entry of private players in the sea freight sector. India to emerge as a major destination for container operations, efforts for modernization of sea ports are proving to be a boon. Air freight is also growing at a rate of 8.5%. The major factor over the next few years driving change will be the rising competitive pressures from cargo operators among India's immediate neighbours and main trading partners.
The eleventh five year plan has however, brought out a couple of meaningful insights where government has planned to put in additional investments and also called for public-private-partnership in order to improve capacity handling especially at Ports, Railways and Roads.
This report provides sector-wise insights on freight industry in India, growth drivers and inhibitors, key trends and profiles key players in each sector.
This report is designed to help:
- Railways & Road Transport Companies
- Air Transport Companies
- Port Trust Authorities and Sea freight handling companies
- Industry Analysts and Regulatory Bodies of Transport Sector
- Custom House Agents
- Venture Capitalists for business opportunities
- Trade Associations and other companies looking for public-private participation in Sea, Air, Rail and Road Transport
- Other Industry Professionals
Reasons to purchase this report:
- Gain the most up to date and in-depth information on the Indian Freight Transport Industry
- Helps to analyze the Indian Freight Transport Industry
- Identify the key growth and investment opportunities within the Indian Freight Transport Industry based on the detailed analysis
- Facilitate decision-making based on strong historic and forecast data
- Develop strategies based on the latest trends in Indian Freight Transport Industry
- Rapidly help to prepare more detailed and effective planning materials
For further inquiries and purchase of this report please contact amitava[at]novonous.com
Notes to Editor
About NOVONOUS
NOVONOUS is a Bangalore based knowledge management company. NOVONOUS offers services varying form Business Research to Reports and Newsletters. These services are fully customizable to suit the needs to organizations operating in different geographical, industrial, political, economical, social and technological environments. For more information, please visit www.novonous.com.