Mayur Toshniwal, MD, Future Supply Chain
“The logistics and warehousing sector in India is at an inflection point, with demand outstripping supply. To keep the growth momentum on, we expect the Government to make crucial announcements relating to integrated transportation hubs, multi modal logistics parks, opening the national logistics portal and simplifying labour laws across the country that will help the sector immensely.
Simplification of GST with regards to logistics industry is the need of the hour which will provide the necessary thrust on ease of doing business. The budget should also focus on including regulations that will drive the organizations to digitize key logistics and supply chain processes. We expect increased outlay and speed of action on already announced infrastructure projects such as Sagarmala, Bharatmala and dedicated Freight Corridors, which will boost efficiencies for the sector.”