The logistics sector generates mass employment and is a key revenue earner for the government. In order to improve the competencies of the logistics sector, the Goods and Services Tax (GST) should be implemented without further delay, which could result in potential savings of around $200 billion and lead to streamlining of the taxation structure and reduce inventory maintenance costs.
Tag: Patel Integrated Logistics Ltd
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Impact of demonetisation on infrastructure
Land transportation was a cash-driven sector as it is a very fragmented and unorganised sector. Transition to a ĆĀ“plastic economyĆĀ“ would obviously remove hidden costs. This is a cultural change.
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The Indian logistics sector has come of age
The warehousing sector has seen minimal growth in India during the past decade or so. However, the last four-five years have been eventful for the sector which has witnessed a tremendous surge in business activities and foreign investments.