’50 new airports, pharma centers, Rs. 74000 cr for logistics infra’

Nirmala Sitharaman, Hon’ble Union Minister of Finance and Corporate Affairs presented the path-breaking, budget of ‘Amrit Kaal,’ i.e., next 25 years. Key highlights for cargo and logistics sector include- 50 additional airports, heliports, aerodromes in India, Rs. 75,000 crores for upgrading transportation infrastructure. Nearly Rs. 2.4 lakh crores were earmarked for development of Indian Railways, a special package will be allotted for MSME sector and start-ups, three new centers for Artificial Intelligence (AI), and new pharmaceutical research and storage centres. Other focus areas include multimodal infrastructural development by creating more dedicated freight corridors, improving connectivity by road, rail, and sea, and enabling technology driven solutions for improved visibility across the supply chain to accelerate and sustain GDP growth.