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logistics parks can ease out the current biggest boost that the Government has
fragmented nature of logistics, helping given through the upcoming Budget is
industry move away from point-to- by cutting regulatory barriers and
point logistics towards the more offering a seamless, transparent digital
efficient hub-and-spoke model. Aligned platform that will ensure easy
with the ‘one nation, one tax’ premise of movement of goods and vehicles across
GST, logistics parks will accelerate the the country. Besides creating a level
benefits of GST to both producers and playing field, focused fiscal incentives
consumers. The hub-and-spoke to encourage investments in specific
approach will increase speed, cut costs areas will allow the private sector to
and create a smarter logistics network contribute, consolidate and expand.
in the country. For a Government firm on reforms, the
concerted approach towards the
logistics sector demonstrated in this
The way forward
Budget will yield big demographic as
Setting up a dedicated Logistics well as economic dividends in the years
Division under the Ministry of to come, ensuring the growth of India’s
Commerce & Industry and granting logistics sector, and in effect, the
infrastructure status to the logistics nation’s GDP. Overall this is a very good
industry is a move in the right budget for the Infrastructure and
direction. Subsequent initiatives in Logistics industry, and the initiatives
easing GST rules and implementing introduced in the Budget will redefine
major infrastructure projects will the benchmarks of the industry.
further lift the logistics sector. But the
