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Classified in: Transportation
Subject: SVY

Indonesia Logistics and Warehousing Market is Expected to Reach USD 74.9 Billion in Terms of Revenues by the Year 2023: Ken Research


GURUGRAM, India, March 20, 2019 /PRNewswire/ --

Increasing Infrastructure Investment: The ongoing and upcoming government projects for improving the logistics infrastructure in Indonesia include setting up of Mass Rapid Transit in Jakarta as well. The project has a budget of USD 1.7 billion and is aimed at relieving traffic congestion. The transit is expected to be fully constructed and operational by the year 2027, thereby having a positive impact on the freight forwarding business in the country. Additionally, the transit will consist of 2 corridors namely North-South corridor and East-West corridor.

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Encouraging trade among ASEAN: The establishment of ASEAN Economic Community in the year 2015 was aimed at improving the trade scenario in the region by freeing up the movement of people and goods across the bloc. The Blueprint for 2025 adopted by ASEAN leaders at 27th ASEAN Summit in 2015 will help in facilitating the utilization of ASEAN Trade in Goods Agreement and allow liberalization of logistics services across the nations including Indonesia.   

The Indonesian government revised the nation's negative investment list and opened the country's cold storage industry for 100.0% ownership to foreign investment without any geographical restriction which is also expected to create a positive impact on the country's cold storage market. In addition to that, the government is further planning to provide funding that will create new fishing ports and warehouses, expansion of existing warehouses, investment in farming community and infrastructure.

Analysts at Ken Research in their latest publication "Indonesia Logistics and Warehousing Market Outlook to 2023 ? Driven by Infrastructure Spending for Airport and Seaports Albeit by Poor Existing Road Network" believe that the logistics industry is in its growth stage and is projected to expand in future through increasing government investment to improve the nation's infrastructure and rising demand for cold chain solutions to meet the consumption requirement of growing population. Thus, the market is expected to register a positive CAGR of 6.0% in terms of revenue during the forecast period of 2018-2023.

Key Segments Covered

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Key Topics Covered in the Report

For more information on the research report, refer to below link:

https://www.kenresearch.com/automotive-transportation-and-warehousing/logistics-and-shipping/indonesia-logistics-warehousing-market/187996-100.html

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Contact Us:

Ankur Gupta
Head Marketing, Ken Research Private Limited
[email protected]
+91-9015378249

SOURCE Ken Research


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