Brijesh Lohia Managing Director Global Ocean Group
With the e-way bill coming into effect from February 1, 2018, we are expecting the government to announce initiatives to boost the growth of the logistics sector, which is reeling under tremendous pressure after demonetisation and GST. Sometime back, Nitin Gadkari, Minister of Road Transport, Government of India, had announced initiatives to increase the capacity of the ports which was a positive step towards the revitalisation of the logistic sector. Initiatives taken by the government towards increasing the roadways by adding 40 kms per day will also give a major push to the logistics sector and stimulate economic growth.
The recent announcement of Foreign Direct Investment in retail is also something to be cheered about as it will bring more business to the logistics sector. We further request the government to expedite the work on existing projects such as inland waterways and Sagarmala project to infuse growth into the sector.