Steady growth

Cargo Talk - - Report -

The gov­ern­ment and the in­dus­try ef­forts have had no let-up to­wards the grad­ual growth of the in­dus­try. There is a bal­anced im­prove­ment in the In­dian lo­gis­tics in­dus­try.

The gov­ern­ment is tak­ing sev­eral ini­tia­tives to cut lo­gis­tics cost and to in­crease im­port and ex­port with neigh­bour­ing coun­tries. In our cover CARGOTALK story, un­rav­els the nu­ances of the cru­cial Sa­gar­mala project to know how port-led de­vel­op­ment will reap mod­erni­sa­tion of in­fra­struc­ture and last mile con­nec­tiv­ity to ports.

The In­dia Cargo Awards were held in the month of Oc­to­ber to recog­nise the ef­forts of the real run­ners of the in­dus­try. The evening saw the fine pres­ence of in­dus­try lead­ers. Flip on to read our award sup­ple­ment along with the is­sue!

The lat­est de­vel­op­ments in the lo­gis­tics in­dus­try has been the stan­dard­i­s­a­tion of the tax sys­tem by putting Goods and Ser­vices tax (GST) in place. The in­dus­try feels that the tax has en­abled cash crunch in the sec­tor. But, with the gov­ern­ment and stake­holder’s dis­cus­sion on the chal­lenges, it is an­tic­i­pated to get stream­lined in the near fu­ture. How­ever, on the ware­hous­ing in­dus­try front, with the GST in place, the in­dus­try is ex­cited with the ease in work and the cur­rent trend of skilled work force to highly au­to­mated/smart tech­niques of ware­hous­ing or dis­tri­bu­tion.

The In­dian gov­ern­ment is cur­rently in­vest­ing in the coun­try’s in­fra­struc­ture on a mas­sive scale – whether this in­volves roads, rail­way lines or wa­ter­ways. The bud­get for up­grad­ing roads alone is worth al­most $14 bil­lion un­til 2018. The fact that the gov­ern­ment is se­ri­ous about the lo­gis­tics in­dus­try is re­flected in the ini­tia­tives to bet­ter the sec­tor on a daily ba­sis.

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