Cargo Breaking News
Anjani Mandal, CEO and Co-founder, Fortigo Network, is quite satisfied with the direct and in-direct boosts such as (a) higher outlay on Highways; (b) support for MSMEs through a reduced income tax and (c) boosting money in hands of individuals through lower income tax. He believes this will boost consumption for the logistics industry in the future. “The continuing growth and stability in the economy as reflected by the positive macroeconomic indicators will get a further boost with the infusion of capital in infrastructure, boosting MSMEs post-tax profits (owing to the reduced Income Tax) as well as increased liquidity with the consumer for his spends (owing to reduced Income Tax),” he says.
“As to the road transportation industry, any facet of infrastructure development or investment by businesses or an increase in consumption, boosts logistics sector growth.
Three factors are positive news for a start-up like Fortigo Network: (a) getting a wider set of businesses to move into the organized sector; (b) the continued focus on encouraging digital payments and support to infrastructure for build-up of digital payments and (c) GST to be implemented in the current year,” he adds.
