“The Union Budget 2024-25 comes with a forward-looking approach to bolster India’s logistics and infrastructure sectors. The union budget emphasised on capital expenditure of 3.4% of GDP, showcasing the government’s determination towards development of infrastructure. This significant expenditure will promote the development of new economic activity, improve transportation accessibility, and lower transportation expenses, which will support the resurgence of our country’s competitiveness. Moreover, Critical Road Connectivity projects like Patna-Purnea & Buxar-Bhagalpur Expressway along with the Industrial node at Gaya on the Amritsar – Kolkata Industrial Corridor, Sanction of twelve industrial parks under the National Industrial Corridor Development Programme, are particularly noteworthy. These initiatives will promote regional connectivity contribute to economic activities in the eastern region and epitomize the spirit of ‘Vikas bhi, Virasat bhi’.”
He further added, “The announced reforms in the shipping industry and strategic focus on energy transition and emission targets for ‘hard to abate’ industries demonstrate the futuristic thinking balanced with the economic growth and environmental responsibility. This holistic approach aligns perfectly with our vision for a resilient, efficient, and technologically advanced logistics ecosystem.”
“Looking ahead, we will continue to provide cooperation to the government for developing a sustainable, transparent, and digital logistics system. Together, we can position India as a global logistics powerhouse, further strengthening our sector in alignment with the ambitious goals set forth in this budget.” He concluded.
