‘Govt. must expedite capex momentum &EoDB’

“The economy is in good shape on the tailwinds of healthy macro-economic conditions, corporate earnings and robust domestic demand,” says Shashi Kiran Shetty, Founder and Chairman, Allcargo Group. He adds, “The Government’s third term in office denotes there will be policy continuity in infrastructure development and critical reforms. We expect the new government to continue with the capex momentum and keeping the ease of doing business goals and fiscal consolidation in focus. At a time when the digital economy is opening up new consumption frontiers, global companies are establishing manufacturing bases in India and the nation is staking its claim in the global value chain, a vibrant and globally competitive logistics industry will work as a growth multiplier and trade facilitator.
We strongly believe that manufacturing in India by domestic and International companies is a decision taken on the basis an efficient logistics ecosystem that can cater to domestic & cross border demands ,we need to create large global logistics companies that can further the economic growth agenda. Indian logistics companies creating a global footprint is the necessity of a developed nation – Viksit Bharat @ 2047. I am certain the government will take note & enable Indian Logistic companies to power their emergence globally.”