KSH Logistics’ Operations Head, Deepak Tiwari, opens up on the recent budget and what it holds for the industry.
‘Bright Star’ Budget 2023 Opinion by Debajyoti Bagchi, Vice President, Trucking & Air Cargo Charters
The current budget puts India on the path to sustainable economic development through investments in infrastructure, AI, women empowerment, and digitisation.
Given that India’s logistics costs are higher than those of other industrialised nations, there has been a perceived need for a national logistics policy. India must drastically cut its logistics costs if it wants to increase the competitiveness of its exports and domestic products. Reduced logistics costs increase economy-wide efficiency-cutting and promote value addition and enterprise.