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Abstract
Third party logistic concept has originated in developed economies of Europe and America and proved immensely successful in the improvement of logistic efficiency. It gain a lot of popularity and is been accepted by many countries in the world. In the era of globalisation, organisations need to be more competitive. India too is experiencing a drastic change in the logistics management. Specifically Indian 3PL (Third Party Logistic) industry is experiencing a rapid growth after year 2000.The increasing number of MNC starting operations in the India is fuelling the growth of 3PL market which creates the opportunity for the researcher to focus on this area. Indian 3PL market is expected to grow tremendously in the next 5to 7 years which is shown by the data revealed by Assocham. According to Assocham, Indian logistics market is currently valued at U.S $115 billion and is expected to grow up to U.S $125 billion by 2010, meanwhile the 3PL is valued currently at U.S $ 58 million and is expected to reach U.S $90 million by 2012.In this paper we analyze the current challenges and opportunities of the 3 PL industries in India. . We also provide an overview of few players in the 3PL industry in India and challenges ahead. This paper is completely secondary data based.