More cargo terminals to improve India’s competitiveness

Cyrus Katgara, President, Air Cargo Forum India and Partner, Jeena & Company and Gallery of Legends (India Cargo Awards) 2017

The Union Budget 2022-23 is a thoughtful, progressive, and growth-oriented budget that touches all economic segments while embracing digitalisation and other modern tools of governance. The highest-ever CapEx allocation of `7.5 lakh crore is aimed at creating and improving our logistics infrastructure through the Prime Minister Gati Shakti Masterplan, along with healthcare, education, and housing. The expansion plan of the national highway network by 25,000 km will strengthen road transportation of export and import shipments. The development of 100 cargo terminals will improve the country’s competitiveness in faster movements by rail. While special focus is laid on logistics, which

Focus on logistics will help solve supply-side challenges. Integrated deployment of logistics and connectivity solutions is critical to improving crucial supply chain issues

will help solve supply-side challenges, integrated deployment of logistics and connectivity solutions is critical to improving crucial supply chain issues. Such advancements will aid in the elimination of inefficiencies and redundancies, resulting in better resource utilization, lower logistics costs, increased productivity, and increased global manufacturing competitiveness.