Budget 2022-23: Eyes on Cargo and Logistics

A path breaking budget for the cargo and logistics sector, govt. pushes for the Gati Shakti Masterplan with expressways, 100 new cargo terminals, multi modal logistic park and initiatives to connect urban transport to railways will boost the new warehousing and logistics facilities across the country.

Gati Shakti to drive India’s ecnomic growth in 3 more years

Amrit Lal Meena, Special Secretary (Logistics), Ministry of Commerce & Industry, Department of Commerce, GoI, said, “Massive public investment for modern multimodal infrastructure and process digitisation , guided by PM Gati Shakti master plan shall enhance logistics efficiency of the nation. PM Gati Shakti, through transformative approach for economic growth driven by seven infrastructural engines coupled with energy, telecommunications and sustainability, shall bring in manufacturing competitiveness and enhanced employment opportunities.”

Logistics sector’s efficiency to get booster dose

Vipin Vohra, Chairman, Contienental Carriers and Chairman, Civil Aviation committee, PHD Chambers of Commerce, said, “This Budget is a great boost to the logistics sector. Out of the seven sectors under Gati Shakti, one which the Finance Minister emphasised, two of them are related to aviation (Airports and CargoTerminals). Developing 100 cargo terminals and four Multi Modal logistics parks under Gati Shakti master plan for the next three years will further enhance the efficiency of the logistics sector.”

Seamless integration to make India manufacturing hub

Xerrxes Master, President, AMTOI, said, “This is a path breaking budget for our industry with a clear cut vision. We welcome the Government’s vision for developing 100 cargo terminals in the next 3 years under the PMs Gati Shakti Master plan. 4 multi modal parks to developed by 2022-2023. Seamless integration of all the spokes of logistics is the only way to bring down our logistics cost and making India the manufacturing center of the world.”

Growth oriented budget focussing on Capex and manufacturing

Shankar Shinde, Chairman – FFFAI, said, “This is growth oriented budget with main thrust is on capital expenditure and increasing the manufacturing base in the country. For logistics sector this is going to be one of the important milestone, since this sector supports and improves the efficiency of endevours such as Atmanirbhar Bharat, Make in India, digital India etc.” Another important announcement which is eagerly followed by logistics sector is pertaining to Unified Logistics Interface Platform allowing data exchange among all mode operators.”

PM Gati Shakti invites big private investments

Anshul Singhal, MD, Welspun One Logistics Parks, said, “The Budget has highlighted a vision of a brighter and digitally advanced country. The focus on multi modal connectivity through the Gati Shakti between mass transport and railvway stations, 100 new cargo terminals in three more years and railway development projects have made us confident to invest in the sector. The aim to target he NH national hiughways network by 15% in the next fiscal cycle along with targeting 25,000 km of NHs is a great push for in the infra sector.”