Sets In­dia apart among the other de­vel­op­ing coun­tries?

Cargo Talk - - Freight Forwarder -

Reuter: I wouldn’t say that In­dia is a de­vel­op­ing coun­try any­more. It is now quite well de­vel­oped when com­pared to oth­ers. In­dia was and still is a very im­por­tant mar­ket due to its pop­u­la­tion, the level of ed­u­ca­tion and a sta­ble gov­ern­ment and le­gal sys­tem. This is a huge dif­fer­ence when we com­pare it with other coun­tries. In­dia is a grow­ing mar­ket, where more peo­ple trans­late into more de­mand, which in turn means more pro­duc­tion, thereby cre­at­ing a greater need for lo­gis­tics ser­vice providers.

Podesta: To­day, no com­pany aim­ing for a global foot­print can ig­nore In­dia. It is as sim­ple as that. We can talk about In­dia's po­ten­tial, its pop­u­la­tion and the sta­bil­ity of its model in In­dia is very dif­fer­ent. Here, part of the busi­ness is still trans­ac­tional, but we see this chang­ing quickly as more and more MNCs set up busi­nesses in In­dia.

Nev­er­the­less, In­dia is on the right path. With the new gov­ern­ment in place, we see good times ahead. It is a good idea for us to go a bit slower now, but we plan to be more con­sis­tent. In­dia has de­liv­ered on its prom­ises and I do not see any rea­son to com­plain.

Podesta: In­dia, though com­plex, is not a dif­fi­cult coun­try to deal with. I can al­ready see things com­ing in and in­tro­duc­ing a more uni­form tax struc­ture, we may not need so many ware­houses. This will also open up new op­por­tu­ni­ties for de­vel­op­ment of in­fra­struc­ture.

Prime Min­is­ter Naren­dra Modi has planned huge in­vest­ments in in­fra­struc­ture, which is much needed for the lo­gis­tics in­dus­try to grow. Even if it is sim­ple trans­porta­tion, you have so many bot­tle­necks, not only from the pro­ce­dural point of view but also from the con­di­tion of the roads. All these things will change over the years.

I think GST is im­por­tant for a sim­pler struc­ture, so that trans­porta-

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