We commend Budget 2024 for initiatives on global trade and domestic supply chain efficiency, which will benefit both corporations and MSMEs participating in international trade. The steps taken to substantially reduce import release times across airports, seaports, and ICDs emphasize a dedication to optimizing port operations and cultivating a trade ecosystem that is both efficient and nimble. The vision of building an economic railway corridor under the PM Gati Shakti Program, to improve connectivity and make Indian businesses more competitive, along with the announcement of the Indian-Middle East-Europe economic corridor for enhancing global trade and strengthening the regulatory environment and financing to facilitate the growth of MSMEs, instills confidence in the government’s resolve to elevate India’s position in international trade.
