"Two major areas of change expected from budget will be soft (legislative) and the hard (infrastructure) changes. Infrastructure changes have long term gestation period and derive confidence from the soft changes. They are underway and will happen. Soft changes are critical and have the ability to transform logistics networks and reduce overall costs for the country up to about 3-4%! First, conferring “ industry status” to Logistics industry will provide great focus and leverage for actioning large number of reforms which have been hanging fire. Industry will have strong representation for clarity on Service Tax, implementation for Carriers Act, Reforms in Carrier liability in Insurance. These changes will reduce undefined risk, attract investment in the industry, cut paperwork and make the industry more efficient. Implementing GST is a pathbreaking change which will transform the way business is carried out in India. It will integrate the logistics networks, enforce larger, smarter warehouses and most of all lower inventories. This will invite organized players into contract logistics and make the industry more sophisticated."
Wednesday, February 23, 2011
Captain Uday Palsule - Managing Director - Spear Logistics Pvt.Ltd.
"Two major areas of change expected from budget will be soft (legislative) and the hard (infrastructure) changes. Infrastructure changes have long term gestation period and derive confidence from the soft changes. They are underway and will happen. Soft changes are critical and have the ability to transform logistics networks and reduce overall costs for the country up to about 3-4%! First, conferring “ industry status” to Logistics industry will provide great focus and leverage for actioning large number of reforms which have been hanging fire. Industry will have strong representation for clarity on Service Tax, implementation for Carriers Act, Reforms in Carrier liability in Insurance. These changes will reduce undefined risk, attract investment in the industry, cut paperwork and make the industry more efficient. Implementing GST is a pathbreaking change which will transform the way business is carried out in India. It will integrate the logistics networks, enforce larger, smarter warehouses and most of all lower inventories. This will invite organized players into contract logistics and make the industry more sophisticated."
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