Ajay Khosla Busi­ness Head Emiza Sup­ply Chain Ser­vice

Cargo Talk - - Budget -

In last fi­nan­cial Union Bud­get, the gov­ern­ment re­served `2.4

lakh crore for the trans­porta­tion in­dus­try. Al­though the in­dus­try will not di­rectly ben­e­fit, but, the de­vel­op­ment of road, rail­ways and high­ways projects would aid lo­gis­tics and trans­porta­tion in­dus­try by re­duc­ing costs, in­creas­ing tran­sit ex­penses and re­duced turn­around time. In­dus­try is ex­pect­ing to in­crease the fur­ther al­lo­ca­tions on on­go­ing in­fra­struc­ture projects. These projects will surely re­duce over­all spend­ing and cre­ate no­tice­able re­duc­tion in turn­around times of road move­ments. As per gov­ern­ment es­ti­mates the on­go­ing Bharat­mala pro­ject is the big­gest ever high­way de­vel­op­ment pro­ject and other freight cor­ri­dors are go­ing to lower sup­ply chain cost on road trans­porta­tion by 18 to six per cent in com­ing years. This year, the union bud­get can be favourable to some other in­dus­trial ver­ti­cals like cold chain and Con­tainer Freight Sta­tions (CFS), it could ben­e­fit through ex­pan­sions of Spe­cial Eco­nomic Zones un­der the Sa­gr­mala pro­ject. Rail­way in­fra­struc­ture will be a part of com­ing bud­get ben­e­fits and an­nounce­ments on se­ri­ous in­vest­ment in rail­way in­fra­struc­ture upgra­da­tion of sta­tions and trains. To fa­cil­i­tate over­all in­dus­trial growth, the in­dus­try is ex­pect­ing to have re­forms that would improve the quality of in­fra­struc­ture and lo­gis­tics, in terms of broader roads, upgra­da­tion of sea-ports and air­ports and rail­ways net­works. These de­vel­op­ments are go­ing to give ma­jor boost to lo­gis­tics sec­tors.

Newspapers in English

Newspapers from India

© PressReader. All rights reserved.