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Infrastructure boost key driver for
Logistics
By Mr. Chander Agarwal, Managing Director, TCIEXPRESS
This is a landmark Budget for the One area where private investments
Logistics industry. Just last year, the can show huge results is the upgrading
Logistics sector was accorded of dilapidated government and railway
Infrastructure industry status and in warehouses across the country. Modern
this Budget, Infrastructure has been warehouses will prevent wastage of
earmarked as the Government’s key produce, saving the country thousands
growth engine. While significant of crores.
budgetary allocations have been made
for Infrastructure – and by extension
for Logistics – the real game-changer is Digital push
the Government’s acknowledgement of The initiative to set-up National
the huge potential that Infrastructure Logistics Portal as a single online
has, to deliver diverse benefits – from window to link all stakeholders will
job creation and economic activity to give a big digital push and streamline
being an investment magnet and a big the functioning of the Logistics sector.
contributor to the nation’s GDP. Another significant allocation is the Rs.
Infrastructure will be the country’s 2.4 lakh crore towards development of
growth machinery, and Logistics will be smart cities, which will push the need
its core component, the DNA of growth. for express companies like
TCIEXPRESS. The introduction of digital
payment models like pay-as-you-use
Infra boom
system for toll payments will not only
The Hon’ble Finance Minister has enable a cashless economy, but also
introduced several important measures bring in much-needed efficiency and
to develop Infrastructure in the transparency in the business.
country, and the allocation of Rs. 5.35
lakh crore to develop 35,000km under
phase-I of the Bharatmala road project Logistics parks
is one of the biggest provisions of the The Budget’s main thrust has been on
Budget. We also welcome other boosting the rural economy, and this
important initiatives like the decision to will also have an indirect positive
boost the MSME sector by allocating Rs impact on the Logistics sector. As rural
3,794 crore in the form of capital markets will grow in significance and
support. With the Government purchasing power, and marketplace
conveying its seriousness to develop demands go up, a more efficient and
Infrastructure, this will encourage seamless logistics infrastructure that
significant private investments from meets these demands will deliver
overseas as well as domestic players, strong advantages to the economy.
fulfilling the funding needs for the core
projects. This is where logistics parks can play a
game-changing role. By their nature,
