We welcome progressive budget by Modi government: Kushal Nahata, FarEye

The logistics industry has been a key focus for the government in the past few years and with the announcement of the soon to be launched National Logistics Policy- the industry is going to get a major boost.

Feb 01, 2020 03:02 IST India Infoline News Service

Kushal Nahata
"We welcome the progressive budget by the government this year. The logistics industry has been a key focus for the government in the past few years and with the announcement of the soon to be launched National Logistics Policy- the industry is going to get a major boost. 
 
Allocation of Rs1.7 lakh crore for transport infrastructure in FY21 and the move to monetize 12 lots of highway bundles of over 6,000kms before 2024 is welcoming news as it will positively impact freight movement and transportation expenditures. 
 
The government’s focus on promoting disruptive technologies like AI and IoT is critical for the supply chain and logistics industry. It’s important for enterprises to leverage these technologies to improve operational efficiencies and keep margins wider. The government’s plan to bring out a policy for data center parks throughout the country will definitely empower the IT-services industry."

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