Bri­jesh Lo­hia Man­ag­ing Di­rec­tor Global Ocean Group

Cargo Talk - - Budget -

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.

Newspapers in English

Newspapers from India

© PressReader. All rights reserved.