Adding on to the vision, Vellayan lakshmanan, Executive Director, iLoads, said, "The logistics firms today are moving from a traditional setup to the integration of IT and technology to their operations to reduce the costs as well as to meet the service demands. Technological innovations are critical to this sector, as the demand is always for more reach and faster shipping at lower costs and iLoads is well placed to capitalize on this opportunity of the logistics sector."
At present, the country’s logistics industry is worth $300 billion, according to the ‘Logistics Market in India 2015-2020’ by market researcher Novonous. In fact, the Indian logistics market itself is estimated to grow at a CAGR of 12.17 per cent by 2020 driven by the growth in the manufacturing, retail, FMCG and e-commerce sectors. And with logistics forming the base of this phenomenal growth trajectory, iloads sees a window of opportunities to create landmarks through its innovative and integrated solutions.