That our countryĂ´s GDP growth rate is going to get a bump-up if the Goods and Services Tax was to be implemented, is a consensus among many experts, as well as the industry bodies, although they may differ regarding the extent of push GST is likely to give our economy, with the quantum suggested varying from 1-3 per cent of incremental increase in growth
Tag: logistics sector
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AP to get its 2nd major port, boost to its logistics biz
With the decks cleared for setting up of a second major port in Andhra Pradesh, the state is set to receive a significant boost for its logistics sector. Once the second major port in Prakasham district commissioned, the State will have two major ports, the other being the countryĂâs premier Visakhapatnam Port.
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Faster implementation is imperative
The logistics sector grows at rates faster than GDP, and investment in logistics infrastructure needs to be made 10 years ahead of requirement,
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Logistics: Driven by imponderables
Logistics sector and logistics costs are largely driven by many imponderables that occur in the global, national, and regional canvas. Therefore, it will be wrong on our part if we generalise issues and arrive on conclusions
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Accelerate deliberations
While it is essential for policymakers to further accelerate deliberations on the issues to ensure early implementation, other stakeholders such as service providers, users and industry bodies should also come together to prepare a road map in advance,
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Infrascape 2013 | We do not expect any dramatic impĂÂrovement in 2013
The year 2012 has been a challenging year for the logistics sector as the economic slowdown affected manufacturing leading to general decline in the movements of goods across sectors like auto, commercial vehicles, heavy engineering and capital goods. Tight credit situĂÂation, no major policy reforms and weak demand made the situĂÂation further difficult for the sector.
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De-fragmenting the sector
The continually increased budget expenditure on the logistics sector, only 1 per cent of which is in the organised sector, has not borne fruit in cost reduction, so itââŹâ˘s time to recognise efficiency as the new theme to work towards,
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Simple IT solutions needed
Vineet Agarwal says integration of infotech into the logistics sector will render it more efficient and its processes more structured.
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