Decoding India’s green share in US$215 billion logistics market. By 2025, 20.2 GW of new capacity will be awarded to wind projects in India -the world’s 4th largest wind power market.Image Courtesy: Google Images
In India, the year 2020 saw the logistics industry’s growth graph climb. Hampered by the pandemic in the first half of the year, startups bounced back later with shorter lead times, better at-door experience, and increased safety. Mahindra Logistics and 1Bridge have begun pilot projects in Karnataka, Maharashtra, and Tamil Nadu on deliveries of home appliances and groceries. Over the next 3 years, they intend to build an efficient last-mile delivery capability covering over 100,000 villages in India.
Logistics sector in India plays a significant role in the form of enablers of FMCG, retail, omnichannel, e-commerce and pharma businesses. Even during covid.
Warehouses and commercial vehicles assisting cold storage units constitute to $215bn Indian supply chain and logistics industry.
Green energy is considered as a significant game changer for this sector thereby increasing the business opportunity by xx%. Because of the well-defined network, SMEs can confidently demand their share of the pie in the following areas.
Even though India lacks the necessary raw materials for the production of major electrified powertrain components, it is among the few territories that have the strategic advantage of the lowest costs for battery cell-manufacturing, as well as some other electric powertrain components.
India is the world’s fourth country by cumulative wind energy capacity – currently at 38GW. Over and above the onshore potential, untapped offshore wind potential along the 7,600 km coastline of India is a natural advantage. In 2017, Siemens Gamesa became the first and only OEM in the country to achieve 2GW installations in a year. To date, the company has installed over 6.94GW.The key success of them would be it’s SG 3.4-145 wind turbine is optimized for Indian conditions, and is manufactured locally. It delivers 48% more AEP (annual energy production) than its predecessor, and complies with market expectations around output and profitability during low winds.
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