‘Bharat Trade Net will be a game-changer, to boost cross-border logistics & customs clearance’

Satish Lakkaraju, CEO, Garudavega, NexGen Logistics says, “The Union Budget 2025 marks a significant milestone for India’s logistics and trade sector, with a strong emphasis on infrastructure development, digitalisation, and business-friendly reforms. Key highlights include the government’s ongoing focus on PM Gati Shakti, which promises to enhance multimodal connectivity, reduce transit times, and bring down logistics costs. The introduction of Bharat Trade Net (BTN), a unified digital platform for trade documentation and financing, is a game-changer, streamlining cross-border logistics and customs clearance processes. Additionally, the investment in modern air cargo warehousing facilities, particularly for high-value perishable goods, will significantly enhance trade efficiency. The rationalization of TDS and TCS and reductions in import duties on key logistics equipment will ease compliance burdens and make operations more cost-effective. Furthermore, the increase in personal income tax exemption to ₹12 lakh (₹12.75 lakh for salaried employees) is expected to boost consumer spending, indirectly benefiting logistics and e-commerce. This budget represents a decisive step toward India becoming a global supply chain leader. By focusing on infrastructure, digital transformation, and tax reforms, it will empower businesses, strengthen trade efficiency, and create a more resilient logistics framework. With continued collaboration between the government and the private sector, India is well on its way to becoming a logistics powerhouse, enhancing its economic resilience and global competitiveness.”