How to Start a Logistics Company in India?
How to Start a Logistics Company in India?
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Many people think they know what a logistics company is, but in truth they probably only scratch the surface. Essentially, a logistics company is hired by goods-based businesses to plan and execute their transportation, shipping and distribution processes. Logistics companies, such as Freightline Carriers, have the vehicles and staff in place to offer a range of services that can be tailored to meet individual requirements.
For example, e-commerce businesses often require storage to keep stock ready for dispatch. Logistics companies can offer this service as part of their package, cutting out a direct cost to the business and making the whole supply chain much more efficient.
Similarly, most logistics companies will also be able to provide transport services that are suitable for specific requirements, such as same day couriers and specialist delivery. This is particularly useful when peak periods can cause a sudden increase in demand for certain products or services.
Choose a unique and appropriate name for your logistics company and check its availability. You can do this through the Ministry of Corporate Affairs (MCA) website or consult a Company Name Search consultant to verify the name's availability.
Thorough market research is also essential to understand current supply and demand, pricing structures and prevailing trends in the industry. You will also need to select a legal structure for your business (e.g. sole proprietorship, partnership or limited liability partnership) and register with the Accounting and Corporate Regulatory Authority.
It's advisable to consult with legal and business professionals or a company registration consultant to ensure that you follow all the necessary steps and comply with India's specific regulations and requirements for starting a logistics company.
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