‘Allocation of Rs.11.11 lakhs cr for capital expenditure will boost growth’

Satish Lakkaraju, CEO, Garudavega, Nexgen Logistics said, “The Current Budget has focussed on the states like Andhra Pradesh which have the largest coast line and the potential to bring the overall logistics cost down. The Budget has touched important aspect of Infrastructure and allocating Rs.11.11 lakhs crore for capital expenditure which will boost development and participation from the state government as well . Bihar will receive a substantial Rs.26,000 crores as well and that will help in the development of key infrastructure projects along with the Visakhapatnam – Chennai Industrial corridor. The coast line of Andhra Pradesh and the development of the Industrial corridor will boost the logistics industry and clearly as well.”