Sim­pli­fi­ca­tion of GST con­sol­i­dates in­dus­try

Cargo Talk - - Budget -

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.

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