Bud­get hints aid for trans­porta­tion

Cargo Talk - - Budget -

Piyush Ku­mar Singh, CEO, In­dus B2B So­lu­tions, says, “While the lo­gis­tics in­dus­try would not get many di­rect ben­e­fits from the Union Bud­get 2018-19, the sec­tor is likely to ben­e­fit from up­com­ing ma­jor trans­porta­tion projects. The trans­porta­tion projects would ben­e­fit trans­porta­tion and lo­gis­tics com­pa­nies by re­duc­ing costs, in­creas­ing tran­sit speeds and low­er­ing turn­around times. The in­dus­try stands to ben­e­fit from the up­com­ing in­fra­struc­ture projects like Sa­gar­mala, Bharat­mala as well as the var­i­ous Ded­i­cated Freight Cor­ri­dors. Th­ese projects aided by the gov­erne­ment aims to pro­vide a fil­lip to the in­dus­try.

Firstly, the gov­ern­ment trans­porta­tion projects like Bharat­mala and Sa­gr­mala are likely to ben­e­fit all lo­gis­tics play­ers. Se­condly, cer­tain sub­sec­tors such as cold chain and Con­tainer Freight Sta­tion (CFS) providers are likely to get spe­cially favoured by the Union Bud­get. CFS providers could ben­e­fit by cre­ation of Spe­cial Eco­nomic Zones (un­der Sa­gar­mala) as well as sub­si­dies for set­ting up of lo­gis­tics hubs (un­der Ded­i­cated Freight Cor­ri­dor schemes).

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