Next-gen GST will reduce logistics, freight & infra cost

Rizwan Soomar, CEO & Managing Director, Middle East, North Africa & India Subcontinent, DP World said, “The Union Finance Minister’s new GST structure streamlines tax rates, benefiting daily essentials and key sectors, which will stimulate consumer demand and domestic consumption. This uptick in market activity directly translates into increased trade volumes leading to heightened demand for logistics across supply chains and offering opportunities to optimise operations and scale efficiently. The landmark reform will catalyse the central government’s thrust on reducing logistics costs by lowering GST on trucks, tyres, cement, steel, reducing freight, and infrastructure costs and creating efficiencies across supply chains. The transformative move to strengthen India’s supply chain backbone and accelerate infrastructure growth will reinforce confidence in India’s growth story and position the economy for sustained momentum. DP World is equipped to support this momentum through our integrated end-to-end solutions. Spanning ports, terminals, pan-India rail freight link, cold chain warehousing, digital trade enablement, and trade finance expertise, we drive seamless and efficient movement of goods across sectors that stand to benefit directly from the tax rate rationalisation.”