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LOGISTICS: KEY ENABLER IN GROWTH STORY
BW Businessworld
|January 25, 2025
ALIGNED with the nations ambitious vision of becoming a $7-trillion economy by 2030, we expect Budget 2025 to further prioritise rapid infrastructure development to enable the logistics and transportation sector to realise its full potential as a catalyst for economic progress and sustainable growth.
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As we strive to realise 'Vision 2047', which aims to position Bharat as a global economic powerhouse, logistics and infrastructure sectors can act as the key enabler.We trust that Budget 2025 will uphold the government's dedication to reform continuity, stable decision-making, and progressive policy measures. A strong emphasis on capital expenditure remains crucial, particularly for advancing infrastructure development, as it serves as a catalyst for accelerated economic growth.
Increase Government Capex
In fact, an increased government capex to build multimodal connectivity involving road, rail, air and waterways and planned, integrated statewide logistics parks will enhance logistics efficiency. And it will also boost private sector participation in infrastructure development. Such measures can unlock industry potential by promoting breakthrough technological innovations, empowering startups to adapt to an evolving landscape, and bolstering the sector's competitiveness and resilience.
This story is from the January 25, 2025 edition of BW Businessworld.
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