India’s Union Budget for 2024-25 is set to make significant strides in transforming the country’s logistics and supply chain sectors into global leaders. By focusing on substantial infrastructure investments, embracing technological advancements, and supporting small and medium-sized enterprises (SMEs), the budget outlines a clear path toward a more efficient and competitive logistics network. Key aspects of the budget include robust funding for infrastructure projects, the establishment of integrated industrial parks, and the creation of e-commerce export hubs. These initiatives are expected to enhance manufacturing capabilities, boost domestic consumption, and streamline trade processes, reinforcing India’s position as a pivotal logistics hub.
The budget allocates 3.4% of GDP to infrastructure development, alongside reforms to bolster business efficiency. This investment is projected to improve trade corridors and logistics operations nationwide. Enhanced access to credit and support for SME growth are anticipated to strengthen supply chains and optimize logistics partnerships. Improvements in rural infrastructure are also expected to advance cold supply chains and warehousing capabilities, further enhancing logistics operations and service delivery.
Additionally, the introduction of reforms for ownership, leasing, and ship-flagging is likely to boost the competitiveness of India’s shipping sector, increase global market presence, and create valuable employment opportunities. Overall, the 2024-25 budget’s strategic focus on logistics and supply chain development is poised to drive significant progress, enhancing connectivity and fostering economic growth across key sectors.
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