Sets India apart among the other developing countries?
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-