siliconindia | | August 20194In the interim budget this year, the Government of India increased highways budget by six percent and allocated Rs.83,000 crore for 2019-2020. Looking at the pace with which India is growing, both economy and population wise, highways are the need of the hour. Due to easy accessibility, flexibility of operations, door-to-door service and reliability, transportation by road scores massively over other modes of transportation. However, the industry is struggling with shortage of drivers.According to a study by Kantar IMRB and Castrol India, an estimated 28 percent of nearly 8.5 million trucks on road are idling away due to shortage of drivers, apparently accounting to an estimated financial loss of about $60 billion per year. How can this gap be filled? Though cannot be done instantly, the process is evolutionary and needs time to mend the situation. However, smaller but stringent steps are needed, and one of them is providing the drivers the much needed support, respect, increasing earing and favourable working condition.Understanding this need of the hour, many OEMs have incorporated several features in their new trucks, like AC installed driver cabin, power steering, better fuel combustion, anti-skid technology, and several others. On the other hand, GST is speeding-up logistics, leading to increase in daily distance, reduction in maintenance costs and improvement in transportation efficiency. The industry is already realizing the benefits and is moving towards better efficiency and performance. Alongside the hire carrier industry too is experiencing change, where it has moved beyond the core logistics offerings to value added services. No wonder, the country will see a massive growth in for-hire carrier industry due to the features mentioned above. And addressing this growth is our current edition of siliconindia Magazine's `10 Most Promising Hire Carrier Services Providers ­ 2019'. The issue features some of the most experienced and advanced hire carrier companies who have been changing the industry landscape much before the industry became a killer performer. Read to know about them.Do let us know what you think!Anamika SahuManaging Editoreditor@siliconindia.comEditorialPromising Future for Vibrant Hire Carrier Industrysiliconindia Vol 08 · Issue 1 - 2 · August, 2019 Publisher Alok Chaturvedi Managing Editor Anamika Sahu Associate Editor Susila Govindaraj Editorial Team Ananth.V Avinash Roy Imelda Tarzarina Srrayvinya OLM Sujith Vasudevan Trisha Pragya VP - Sales & Marketing Virupakshi Pattar Advertising Managers Editorial queries To subscribe Visit or send email to Cover price is Rs.150 per issue. Printed and Published By Alok Chaturvedi on behalf of SiliconMedia Technologies Pvt Ltd and Printed at Precision Fototype Services at Sri Sabari Shopping Complex, 24 Residency Road Bangalore-560025 and Published At No. 124, 2nd Floor, Surya Chambers, Old Airport Road, Murugeshpalya, Bangalore-560017. Editor Alok ChaturvediCopyright © 2019 SiliconMedia Technologies Pvt Ltd, All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the Visualisers Veena R Piddannavar Mohan Krishna Group Art DirectorAshok KumarNoidaAshu Sethi Garima Anand Circulation Manager Magendran Perumal Ashwini D Naik Khirod Kumar Sanjana Mohanty
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