Look­ing ahead@FY 2014-15 A chal­lenge to adapt

Cargo Talk - - Industry Speak -

How was FY 2013-14 for your com­pany? Any ma­jor de­vel­op­ments that were un­veiled?

The Fi­nan­cial Year 2013-14 at our com­pany was a chal­leng­ing year. The mar­ket sit­u­a­tion forced us to re­view our ap­proach to busi­ness dif­fer­ently and take steps to de­fend shrink­ing mar­gins by cost re­duc­tions.

As ma­jor devel­op­ment for the year, we have in­creased our foot­prints in terms of num­ber of ware­houses. We have also in­creased our fo­cus on door-todoor so­lu­tions for spe­cific ver­ti­cals like au­to­mo­tive and con­sumer prod­ucts.

We have fur­ther aug­mented our IT ca­pa­bil­i­ties to keep up with the chang­ing times.

What are the pre­sent mar­ket trends that you see and fur­ther­more, what are your ex­pec­ta­tions from the up­com­ing fi­nan­cial year?

The pre­sent mar­ket trends in­di­cate slow, but steady re­cov­ery in busi­ness vol­umes. The growth in manufacturing sec­tor sup­ported by bet­ter Bal­ance of Pay­ment po­si­tion will drive the fu­ture trend.

The ef­forts from the Govern­ment to bridge the gap be­tween Cen­tral and State pri­or­i­ties will re­sult into smart in­crease in need of do­mes­tic dis­tri­bu­tion.

What are your ex­pec­ta­tions from the new govern­ment at the Cen­tre for the devel­op­ment of the lo­gis­tics in­dus­try in In­dia?

The mon­soon woes, the sit­u­a­tion at Iraq and in­fla­tion will mat­ter for the econ­omy, but two of these prob­a­ble is­sues can be con­trolled through im­port of food items and run­ning in­fra­struc­ture projects in the ru­ral area.

The Govern­ment needs to speed up in­tro­duc­tion of the GST, which is long pend­ing. It should look into giv­ing tax re­lief for set­ting up of ware­houses in Tier-II and Tier- III cities. Ad­di­tion­ally, we ex­pect Govern­ment to look into ocean-port in­fra­struc­ture where we are sig­nif­i­cantly less ef­fi­cient than many other ports in the world.

Mayur Gandhi, Chief Fi­nan­cial Of­fi­cer, DB Schenker

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