Simplification of GST consolidates industry
Sunu Mathews, Managing Director, Leap India, tells, “Logistics infrastructure is an area targeted by the government in the recent budget. Continued simplification of GST framework will help consolidate the highly fractured and fragmented logistics industry. This advancement of ecosystem will help pallet/ asset pooling. On the other front, the current budget’s increased allocation to rural and agriculture is going to bring in lots of buoyancy on the demand front for our user industries like FMCG and auto, we are curtly supplying FLCs (Foldable Large Containers) to auto and pharmaceutical sector, this would also drive our business across the segments.” “As softwood is imported; the hike in the import duty is going to adversely affect the timber usage in the country. Timber imports will fall, and the neighbouring countries will take the advantage of the same,” he adds.