“Logistics will play a key role in propelling India to become a $5 trillion economy over the next 5 years. The Interim Budget has broadly outlined the government’s vision to improve the sectoral competencies of Indian logistics and empower supply chain capabilities. A 21 per cent allocation for the North-Eastern region of the country to Rs 58,166 crore has the potential to uncork the untapped logistical efficiencies of the region. It will also boost connectivity-driven initiatives to bring the region within the broader national logistics framework to bolster economic growth and development within N-E and create employment generation opportunities.”
“The Budget provides a wider blueprint of the government’s resolve to continue on the path of logistics sector empowerment with pro-industry measures like Ease of Doing Business and expediting inter-state freight movement through simplified e-way bills. Emphasis on inland water development is a welcome move. The tax sops will result in more disposable income. This will lead to more discretionary spending, boosting movement of goods and benefiting the overall logistics sector.”
