Logisticsis an important part of any economy across the globe, more so in growingcountries like India. It manages flow of commodities from manufacturing end to consumption end. Logistics comprises activities such as material handling, warehousing, packaging, transportation and shipping. Logistics companies also offer value added services such as customs clearance, freight forwarding, import and export management, inventory management, assembly, installation, packaging, labelling and after sales support.
Corelogistic activities include transportation and warehousing in India, whose importance is not limited tothe country but expanded across the globe. Indian logistics rely on effectualwarehousing and storage activities in cargo consolidation and air freight in India which also apply to other freightmodes.
Warehousesmay be either closed storage or open storage. Closed storage is offered forgoods that are custom cleared and which are atmosphere sensitive. Open storage is for bulk commodities which are light weight and are not affected by heat and dampness.
Logisticshas faced immense growth opportunities in many sectors like cargo consolidation in Chennai, transportation, freightforwarding, express cargo delivery, shipping and container services.Consequently a demand is developing for more solutions that can support future growth of logistics, which in turn is the key factor that determines the economic growth of the country. Logistics provides cost effective flow of goods and is considered to be the backbone of the country’s economy.
Warehousing in Chennai experiences immense growth, thanks to growthin e-commerce and manufacturing sectors. With such promise of growth andimprovements, service oriented logistics and cargo consolidation in India might expand in a rapid pace in theupcoming years. Most of the cargo in India reportedly moves by roads, which are followed by railways, coastal shipping, airways and inland waterways.
Warehousesplay a prominent role in supporting road freight in Chennai and across India. Most of thewarehouses in India are of traditional sizes occupying less than 10,000 squarefeet. They are leak proof and have racking facilities besides being equipped with security systems. These warehouses are mainly operated by mid sized business people who have limited investment capacity. However government agencies which may be central or State, operate large warehouses.
Lack ofappropriate place is an important reason for non availability of properwarehouses, mainly because their prices are not affordable. Customs brokerage in India classifies warehouses as public,private and special warehouses. Warehouses are licensed at specific places which are approved by the Central Board of Excise and Customs in India.
Afterdeclaring a place as warehouse station, a public bonded warehouse is appointedwhere imported dutiable goods are deposited. The industrial development of a particular place and the need for imported goods are assessed before declaring warehousing stations. Customs brokerage in Chennai is aware that warehousing of imported goodswithout payment of custom duty is permitted according to Customs Act 1962.
Sea freight in Chennai, along with other freight modes,employs freight broker who communicates between purchase end of thetransportation and the transportation services. Customs brokers optimize the distribution of transportation services, with focus on requirement of shippers and capacities of carriers.
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