Mr. Sachin Haritash, Founder, Mavyn Digital Trucking Pre budget expectations on behalf of the Logistics & transportation industry
Mr. Sachin Haritash, Founder, Mavyn Digital Trucking
Pre budget expectations on behalf of the Logistics & transportation industry
We are expecting that Industry status will be awarded to the transport and logistics sector. Although transportation & logistics industry is a key component of the industrial makeup of India, but the lack of a dedicated ministry has severely impacted the growth of the sector. The sector has been demanding industry status for the last 3 decades. We are hopeful that in this budget the sector will be awarded the status. If this happens:
The sector will be able to contribute to the GDP growth of India in an effective manner.
It will help channelize investments especially in logistics start-ups.
Improve India’s ranking from 35 in World Bank ‘Logistics Performance Index’ and enable India to become part of the global supply chain.
We are eagerly looking forward to this announcement in the upcoming budget and are hopeful that Industry status will be awarded to the transportation and logistics sector.