Will 2014-15 be the sun­rise year?

As Fi­nance Min­is­ter Arun Jait­ley pro­posed the Union Bud­get 14-15, peo­ple cheered and the FM was ap­plauded for this year’s bud­get. In the Bud­get ’14-15, Fi­nance Min­is­ter Arun Jait­ley em­pha­sised and sanc­tioned 5,000 crore to­wards in­creas­ing sci­en­tific ware

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“We wel­come the strong thrust on lo­gis­ti­cal in­fra­struc­ture, a com­mit­ment to im­ple­ment GST by end of this year, and trade fa­cil­i­ta­tion. The com­mit­ment to cre­ate sin­gle-win­dow e-biz por­tal for all clear­ances and pay­ments re­lated to reg­u­la­tory com­pli­ance is a pos­i­tive move to­wards trans­parency.

RS Subra­ma­nian, Se­nior Vice Pres­i­dent & Man­ag­ing Direc­tor, In­dia, DHL Ex­press “The new govern­ment, it seems, recog­nises that the high in­fla­tion in In­dia is es­sen­tially due to sup­ply-side con­straints in terms of in­ad­e­quate in­fra­struc­ture and made it ad­e­quately clear that in­fra­struc­ture cre­ation fig­ure among its pri­or­ity agenda. In this back­drop, the Union Bud­get 2014-15 is ex­pected to set a roadmap for the econ­omy as a whole and the in­fra­struc­ture sec­tor in par­tic­u­lar.

He­mant Kano­ria, CMD, Srei In­fra­struc­ture

Fi­nance Lim­ited The an­nounce­ment done in the Rail­way Bud­get 2014-15 is surely a wel­come one as this will de-bot­tle­neck lo­gis­tics and will help Rail­ways keep in pace with lo­gis­tics re­quire­ments of the in­dus­tries. Fruits and veg­etable trans­port via AC stor­age, if im­ple­mented is surely go­ing to trans­form the food sup­ply chain in In­dia.

SV Suku­mar, Part­ner - Man­age­ment Con­sult­ing, Head Strat­egy & Op­er­a­tions Prac­tice, KPMG In­dia “I think the raise in freight rates by 6.5% prior to the Bud­get might con­trib­ute to the rev­enue base, but it might not have any sig­nif­i­cant im­pact on the over­all vol­ume mov­ing by rail. Set­ting up of Lo­gis­tic parks and net­work of Pri­vate Freight Ter­mi­nal on PPP model would im­prove ef­fi­cien­cies and cargo han­dling. Mea­sures such as re­source mo­bil­i­sa­tion through PPP, FDI and PSU sur­plus are ex­pected to drive in­vest­ments in In­dian Rail­ways.

Man­ish Sai­gal, MD, Al­varez and Marsal The Union bud­get 2014-15 has put in­fra­struc­ture at the fore­front of the new govern­ment’s agenda, which is very good news. The var­i­ous an­nounce­ments to strengthen multi-modal trans­port would fa­cil­i­tate freight move­ment within the coun­try and out­side it but what re­ally make me skep­ti­cal is the op­er­a­tional­iza­tion of the bud­get plan and out­lays. The bud­get should have ad­dressed the mul­ti­ple road tax pol­icy and given some di­rec­tion to­wards uni­for­mity of taxes in the dif­fer­ent states. No pro­posal for mul­timo­dal lo­gis­tics parks yet, no plan or di­rec­tion for in­tro­duc­ing tech­nol­ogy in lo­gis­tics and sup­ply chain and vir­tu­ally no men­tion of lo­gis­tics ed­u­ca­tion and skill devel­op­ment makes me rate this bud­get a five on ten.

Shankar Chat­ter­jee, Chair­man & Man­ag­ing Direc­tor, S CUBE Trans Con­ti­nen­tal Group "The Fi­nance Min­is­ter has set the tone for an ag­gres­sive and sus­tained growth path by an­nounc­ing a pro­gres­sive Union Bud­get. Be­ing the life­line of the econ­omy, lo­gis­tic com­pa­nies ex­pected a set of re­forms and the Fi­nance Min­is­ter didn’t dis­ap­point. The in­vest­ment of ` 37,800 crore into NHAI and State roads will im­prove in­fra­struc­ture and con­nec­tiv­ity.”

Ma­hen­dra Agar­wal, Founder & CEO, Gati Ltd “The Union Bud­get 2014-15 is a mixed bag of prom­ises for the lo­gis­tics & ware­hous­ing in­dus­try. The prom­ise for GST is some­thing to look for­ward to. I also ex­pected in­tro­duc­tion of Lo­gis­tics Park in In­dia to en­gage bet­ter en­hance­ment of Lo­gis­tics and ware­hous­ing. It re­mains to be seen now how and to what ex­tent will the var­i­ous mea­sures pro­posed are im­ple­mented.”

Vivek Arya, Man­ag­ing Direc­tor, Rhenus Lo­gis­tics We ea­gerly look for­ward to the im­ple­men­ta­tion of sta­ble poli­cies, along with a clearer and trans­par­ent tax regime. These mea­sures will cre­ate a ben­e­fi­cial cli­mate for in­vest­ment and steer to­wards bet­ter growth. This is what the lo­gis­tics in­dus­try of In­dia to sur­vive and thrive.”

Shishir Jo­shipura,

MD, SKF In­dia

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