A bugle call for a greater destiny
is a palpable feeling of ‘Is it too good to be true?’ pervading the Indian cargo and logistics industry.
And why shouldn’t there be so? When was a General Budget where the Finance Minister says ‘ warehouses’ more than once, let alone five times! It is not exactly a windfall for the industry (after all, the proposed projects are long-term), but the the fact that long-standing woes have been addressed leads to the fact that there are more of such good tidings in store. Plus, the fact that the man helming the current administration has the enviable reputation of giving a free rein to entrepreneurs and industrialists.
It’s been a few months, but the markets are still upbeat with expectations. The opening up of FDI (for defence and insurance, for now), has portents of foreign investments in more sectors in the time to come. Plus, the bolus of 5,000 crore to the abysmally ailing warehousing sector of the country has been admittedly startling, to say the least. Throw into the mix the fact that e-tailers like Flipkart and Amazon India pumping in US$3 billion into their operations, and the latter opening five new fulfillment centres in the country. This is good news for sellers, forwarders, and logistics players.
Even connectivity has been addressed. Superhighways being ‘railroaded’ into reality, dedicated freight corridors being drawn up, 15 new ports coming into existence, logistics parks with China being inked, the Diamond Quadrilateral getting a priority pass from the administration, and the Railways going gung-ho about freight, these are exciting times indeed for SanJeet the
Editor logistics and the freight community.
But, let’s cross our fingers and knock on wood just the same.