‘PLI schemes, investments in infra tech will help cut costs’

JB Singh, Director, MOVIN Express shares his expectations from the upcoming budget, “It is imperative for the industry to adopt changes backed by robust technology to thrive in the fast-paced environment. Looking ahead, effective budgetary strategies, coupled with financial and regulatory incentives like Production-Linked Incentive (PLI) schemes, and strategic investments in infrastructure, will be instrumental in reducing domestic logistics costs. The logistics industry stands at the forefront of transformative change, and the government has undertaken various initiatives to implement forward-looking measures in advancing multimodal projects and fortifying infrastructure. The future relies on the efficiency, resilience, and resource optimization of supply chains. The government’s commitment to substantial infrastructure projects, such as PM Gati Shakti and the National Logistics Policy, positions India as a pivotal hub for manufacturing. The budget should emphasize connectivity projects in various economic zones, thereby helping to reduce logistics costs and time, improving productivity and the economy.”