The current logistic industry is set to become a $125 billion industry by 2011, an increase on 17% on the current level according to industry body ASSOCHAM.
It is also said that the outsourcing of third party logistics business in the country would touch $90 million by 2012, up from current $58 million.
The concept was initially introduced in U.S and Europe , but India is fast caching up to the increase the efficeincy of domestic corporates through efficeient logisic functions.
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