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
“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.”
MD, SKF India