Wednesday, May 25, 2022
  • Hyderabad
  • Telangana
  • Andhra Pradesh
  • India
  • World
  • Entertainment
  • Science and Tech
  • Sport
  • Business
  • ...
    • NRI
    • View Point
    • cartoon
    • Columns
    • Reviews
    • Education Today
    • Property
    • Videos
    • Lifestyle
E-Paper
  • NRI
  • View Point
  • cartoon
  • Columns
  • Reviews
  • Education Today
  • Property
  • Videos
  • Lifestyle
Home | Business | Budget To Enable Creation Of Efficient Logistics Ecosystem

Budget to enable creation of efficient logistics ecosystem

By Y V Phani Raj
Published: Updated On - 05:24 PM, Tue - 1 February 22
Representational Image

Hyderabad: Budget 2022’s emphasis on logistics, specifically for the Gati Shakti Plan, reiterates how the logistics sector is integral to the economic and trading activities of India. In India, road transportation dominates the logistics sector, with a majority share of 60 per cent, followed by Railways, which has a 30 per cent contribution.

Neeraj Bansal, COO, India Global and National Leader- Supply Chain Realignment, KPMG in India, said, “Given this context, the Budget’s announcements under the National Gati Shakti plan are a welcome move for the sector. The Gati Shakti Masterplan for Expressways will expand roadways by 25,000 kilometres, connecting remote areas of the country with manufacturing hubs. The 100 cargo terminals to be developed under this programme will ensure a more efficient logistics connectivity.”

The concept of “one station, one project” will help in popularising local businesses and supply chains, with the Railways to develop projects specifically for the MSME sector. The announcement of contracts to be awarded for multimodal logistics parks also puts into focus the government’s efforts in ensuring logistics efficiency, Bansal added.

Shyam Arumugam, MD, Industrial and Logistics Services, Colliers India, said, “The budget speech places thrust on clean technology in public transport, with plans to develop special mobility zones for electric vehicles and the introduction of a new battery swapping policy. This is a welcome move to facilitate further growth of EVs, as India moves towards its sustainability goals.

The PM Gati Shakti plan and the corresponding announcement of additional 25,000 km of roads will spur growth in the mobility sector. Government’s initiative on electric vehicles and the announcement on a battery swapping policy is a major boost to the nascent EV sector and will boost customer confidence in EVs, according to Parag Satpute, Managing Director, Bridgestone India.

Shishir Baijal, CMD, Knight Frank India, added, “Creation of unified logistics platform and developments of 100 new cargo terminals in the next three years are significant steps in improving the supply chain eco system in the country.”

Tanmay Kumar, CFO, Shiprocket, said, the budget has focused on the development of infra projects which will boost the logistics system in India and will help to become enablers of an effective logistic system.


Now you can get handpicked stories from Telangana Today on Telegram everyday. Click the link to subscribe.

Click to follow Telangana Today Facebook page and Twitter .


  • Follow Us :
  • Tags
  • Budget 2022
  • Gati Shakti
  • India
  • Logistics

Related News

  • Editorial: Opening doors for regional cooperation

  • Meta rolls out updated 3D Avatars in India

  • Bitcoin users in Hyderabad grew by 135 per cent

  • India logs 1,675 Covid cases in a day, 31 deaths

  • Opinion: India in the new world order

  • Asia Cup 2022: Pakistan hold India to 1-1 draw in opening Pool A match

Latest News

  • Microsoft shares new updates to Windows 11, Store for developers

    6 mins ago
  • Justin Bieber to perform live in Delhi on October 18

    26 mins ago
  • 18 children killed in Texas school shooting, Biden rages

    37 mins ago
  • Opinion: The new cold war will be fiercer

    9 hours ago
  • Cyber fraudsters swindle Rs 2.7 crore using ‘investment bait’ in Cyberabad

    10 hours ago
  • IPL 2022: Gujarat Titans qualify for final with seven-wicket win over RR

    10 hours ago
  • Nutreat offers healthy, nutritious food using traditional techniques

    10 hours ago
  • Q&A session on steps to achieve success amid competition in TT, NT’s awareness programme

    10 hours ago

company

  • Home
  • About Us
  • Contact Us

business

  • Subscribe

telangana today

  • Telangana
  • Hyderabad
  • Latest News
  • Entertainment
  • World
  • Andhra Pradesh
  • Science & Tech
  • Sport

follow us

© Copyrights 2022 TELANGANA PUBLICATIONS PVT. LTD. All rights reserved. Powered by Veegam