Managing Director Global Ocean Group
What positive trends are visible in the industry?
Several positive trends augur well for the industry.
1. The startup sector growth is here to stay. It will only expand, reaching deeper into India.
2. The organised retail sector is slowly and firmly gaining a foothold. It will only grow bigger in the next few years.
3. The biggest positive factor is the broad outline of the Make in India push by the present government. Any investment in the manufacturing sector is not just good news for logistics but the Indian economy as a whole.
Who are your major clients?
We are working closely with brick-and-mortar stores, and we are tapping e-commerce companies while we are actively involved with the manufacturing sector in India.
Which are your big markets? What new markets are you exploring?
We have a presence in all key metros and sub-metros across India. We plan to expand our presence in tune with the requirement of the logistics industry, which is to reach out to the consumer spread in every nook and corner of India to be able to deliver to them.
What major tie-ups or expansions are you planning in the coming two fiscals?
At present, we offer a complete logistics management solution to clients. However, since we are in an evolving consumer environment, we keep options open as we approach our next client.
What are your investment plans for the coming fiscal?
As we continue to expand business, we would like to approach our presence with more caution. Our investment plans will depend on exact market requirements, depending on consumer demand from each market for our key clients.
What is the budget allocated towards R&D?
As we continue to invest in more markets, we will deliver new solutions which are more accurate and on time. R&D, for us, is a process with the onus lying on us. The trigger comes from consumer psychology and behaviour. We are more focused on investing in e-logistics.
What growth percentage was recorded by the company in the last two fiscals?
We had positive growth, with many new clients. We also hold immense pride in the fact that we have had long-term and sustainable relationships with our clients. Some of them have actually witnessed our growth as we have grown.
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