Budget provisions are extremely promising

Abhik Mitra, CEO & MD, Spoton Logistics The 2019 budget seems promising as Indian customs is introducing full and comprehensive digitalisation of export/import transactions and leveraging RFID(radio-frequency identification) technology to improve export logistics.  We see positive knock-on effects of higher consumption and potentially improving highway infrastructure provided the implementation on the ground is tightened. Tax benefits that have been given to individual tax payers will stimulate consumption and positively impact consumption linked industries like logistics.  Improvement in logistics will further help in seamless movement of goods and reduce transactions cost…

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Fast Forward for Organized Indian Retail

Anuj Kejriwal, MD & CEO – ANAROCK Retail   The hallmark of a market’s increasing maturity is how organized it is – and in any developing country, the state of ‘organized’ business is usually kick-started by the entry of foreign players who bring in structured deployment and business philosophies wherever they go. This philosophy of organized retail players covers a lot of ground, from the aptness of locations to size and visibility of a mall or high street, from store sizes to layouts, tech enablements and promotion parameters, and from…

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Long-term infrastructure issues will be addressed post elections

Pradeep Misra, CMD, Rudrabhishek Enterprises In the election year, the continuity of policies and union budgetary allocations always remain a challenge. Since it is an interim budget, we are less likely to see a major shift in the infrastructure policies, which have long gestation period in terms of impact. The ongoing infrastructure programs such as PMAY, Smart Cities, UDAN scheme and Railways & Highways projects etc., are in full swing. The budgetary allocations on these programs must not be affected. The government may also announce the outlines of few futuristic…

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Perishables embracing technology: harnessing the air logistics challenge

Ruchi Dogra (Co-founder & Director, FreightCrate Technologies)   Air cargo is an essential element of modern life across the world. Moving perishable goods across different zones across the world is made possible by air transport. It represents less than 1% of world trade by volume but is over 35% by value (source: IATA report). The reliance on air logistics is driven by the need for speed and efficiency in transporting high-value (of the product or its availability factor), time and temperature sensitive nature of cargo – especially the perishables. Especially…

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Exciting prospects in 2019

Pirojshaw Sarkari CEO, Mahindra Logistics       At Mahindra Logistics Limited (MLL) we believe that the year 2018 continued to be transformational for the logistics industry. This was due to enhanced governmental focus on the sector. The work that commenced in 2017 with GST, continued in 2018 with E-way bill, Logistics Performance Index for States, and a nodal Department for Logistics.  In addition, there is an umbrella initiative: LEEP i.e. Logistics Efficiency Enhancement Program; under which several steps are being planned by the Department of Logistics. The department has also unveiled…

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AI led logistics processes to gain prominence in 2019

Nishith Rastogi, CEO, Locus  “Logistics industry had an exciting journey in the year 2018. From passing the e-way bill, rolling out GST, granting ‘infrastructure’ status to the logistics sector and passing the drone regulations 1.0; India indeed focussed on the logistics industry this year. 2019 will be the year of Artificial Intelligence in the logistics sector. AI is already helping businesses in cost-effectiveness, operational efficiencies, hassle-free procedures and efficient last mile deliveries for better end-user experience. With business demands rising, and companies expanding their horizons, expect supply chain problems to…

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UP vs Haryana:Comparative analysis of warehousing potential

Anant Jain* The warehousing sector forms the backbone of the distribution of goods in an economy. A strong economy usually has a strong logistics sector to ensure that the goods and services produced and imported are distributed to the end users. Owing to modernisation and economic growth and reforms, a surge is expected in the warehousing sector. Primarily, the growth in e-commerce, improved infrastructure and the implementation of the GST is responsible for this surge. The e-commerce market has seen exponential growth in the recent past and is expected to…

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Express Logistics outpacing normal growth

Abhik Mitra, MD, Spoton Logistics   The Indian express logistics industry is recording above normal growth thanks to resurgent economy, stabilization of GST, ample focus on local manufacturing through ‘Make in India’ initiative, increasing FDI inflows into the sector and growing acceptance of e-commerce. We should expect to see growth beyond 15% CAGR over the next few years as industry players capitalize on the momentum to expand and consolidate their operations. We should expect to see some exciting developments, driven by government, industry and company initiatives. Some of the trends…

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Digitisation – Transforming logistics and supply chain management

Samir Lambay   With the aggressive pace of economic growth, India is on a fast track to development, powered by innovation and disruption across key sectors, encouraging government policies and robust and aggressive growth in IT. Globally, as in India, the logistics sector is undergoing an unprecedented transformation fuelled by innovations in IT and digitisation. Despite this, the Indian logistics sector, regarded as the backbone of a healthy economy, is highly fragmented and unorganised. As a result, the logistics spends in India currently amounts to 14-15% of GDP compared to the…

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GST enters Year 2 – Real Estate Still Flummoxed

Anuj Puri, Chairman – ANAROCK Property Consultants The landmark reform of Goods & Services Tax (GST) was, in many ways, the final bullet shot to the Indian real estate sector in July 2017. The industry was already reeling under the immediate impact of DeMo and RERA. GST was touted to be a gamechanger for all sectors including real estate. It was largely anticipated that GST will provide a much-needed respite to homebuyers by way of reduced property prices. Unfortunately, with GST completing one year, it emerges that these expectations were unrealistic.…

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