V S Parthasarathy – Vice-Chairman Allcargo Logistics Ltd opines on the recent budget
The budget is clear on both growth drivers and health checks
“Go India, Grow India! The budget is clear on both growth drivers and health checks and places long term thrust on development. With big Capex infusion, macro push to key sectors like infrastructure, Finance Minister Nirmala Sitharaman has walked the expected lines to the fine balance between the spending and fiscal deficit while going all out to maintain the momentum of growth.
The PM Gatishakti, the umbrella scheme, will get more firepower with higher allocations across the board to propel all related sectors including logistics. The development of multi-modal logistics parks will further spur economic growth.
The Unified Logistics Interface Platform is a progressive move in tune with the time to enable efficient movement of goods, cut down logistics costs and better inventory management.
Above all, the budget can be termed smarter and greener. The 5G roll-out, digital rupee driven by block chain, supportive measures for IT and startups make it smarter. The stress on clean energy, reverse logistics, support to EV revolution etc make it greener and sustainable.”
