Cyrus Katgara, Partner, Jeena & Company expresses his expectations for the budget announcement this year:
“The government’s substantial capital expenditure on infrastructure, particularly in roads, railways, and airports, has already spurred momentum in the logistics sector. This, coupled with the ongoing prioritization of logistics infrastructure development across roads, warehouses, and ports, has garnered enthusiastic support. The industry anticipates the Union Budget to further solidify the Digital India Act, promoting digitalization through artificial intelligence, data analytics, and 5G technology.
Higher investment in digital upskilling and reskilling programs for the workforce to ensure the logistics industry remains competitive and resilient in the global digital age is anticipated.
Additionally, enhanced regulatory frameworks that facilitate seamless cross-border logistics operations would be greatly welcomed, promoting smoother international trade and connectivity.”
