In­fra all the way

Cargo Talk - - Warehousing -

Finance Min­is­ter Arun Jait­ley laid down the Union Bud­get 2018-19 on Fe­bru­ary 1, 2018. For the lo­gis­tics seg­ment, the bud­get has proven to be neu­tral yet pos­i­tive in the long-run. The gov­ern­ment’s im­pe­tus on in­creas­ing the ef­fi­ciency and mod­ernising of ports and im­prov­ing the road in­fra­struc­ture will pro­vide a fil­lip to the sec­tor. The in­dus­try has mix re­ac­tions on the Bud­get, where on one hand they are happy with the al­lo­ca­tion to in­fra­struc­ture, while on the other there is not so much to cheer about, we un­ravel more, flip over to read.

The lo­gis­tics in­dus­try is get­ting its de­sired at­ten­tion. At the ‘The As­sam Global In­vestor Sum­mit’, the gov­ern­ment an­nounced the lo­gis­tics sec­tor as one of the 12 fo­cus in­dus­tries in North­east and As­sam in gen­eral. On the avi­a­tion front, ac­cord­ing to the Global Trade Barom­e­ter (GTB) from DHL, In­dia’s economy holds the bright­est growth prospects of the world’s seven largest economies. CARGOTALK in its cover story re­veals the dy­nam­ics and evo­lu­tion of air cargo in­dus­try in the last decade and what lies on the road ahead.

On the mar­itime front, PM Naren­dra Modi re­cently ded­i­cated the fourth con­tainer ter­mi­nal at Jawa­har­lal Nehru Port Trust at the Ground-Break­ing Cer­e­mony of Navi Mum­bai In­ter­na­tional Air­port. Ac­cord­ing to him, the Sa­gar­mala project is ush­er­ing not only de­vel­op­ment of ports but also port-led de­vel­op­ment. It is high time to build a proper sys­tem and in­crease use of In­for­ma­tion Tech­nol­ogy (IT) in man­ag­ing busi­ness. The ap­pli­ca­tion of IT can trans­form the ex­ist­ing chal­lenges of cargo in­dus­try to the ad­van­tages of In­dian trade. Adoption of IT will aid the move­ment of cargo in the In­dian sup­ply chain.

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