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Prakash Tulsiani, Executive Director & Chief Operating Officer, Allcargo Logistics:
“GST Bill is set to revolutionize logistics with unified and simplified structure versus multiple taxes at various levels. It will lower the inventories and working capital; reduce documentation, improve asset utilization, ensure higher turnaround time and efficiencies. We expect the industry to move away from pure vanilla warehousing needs to contract logistics.”
“Allcargo will benefit as we have a pan-India presence with a strong management team and the strength to bring in efficiencies and take costs out of the system. We have also taken steps towards investments in logistics parks in NCR and have already taken steps to further explore the potential of contract logistics business with the merger of CCI Logistics.”
Daniel Chopra, Executive Chairman of Elektrans Group:
“GST will be a game changer for the Indian economy and for all Indian corporates across the industries. It will step up the GDP growth rate by at least 2 percent. It is a vital move towards ‘ease of doing business’ by making not only the rate of taxation lower but also uniform across the states in India. We are in logistics and shipping business which are secondary service industries and our fate and rate of growth are totally dependent on the state of economic affairs in the country. Thus, anything which is good for the economy is music to our ears. We congratulate the present Government for this historic achievement.”
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