‘Investment in digital R&D for the supply chain is critical’

Nitish Rai, CEO and Co-Founder, FreightFox says, “Sub-par transportation infrastructure and poor on-the-go visibility are the country’s biggest problems, and the government has taken initial steps in the right direction towards improving it.
1. Greater push towards completion of DFCs and expressways will help increase utilisation of resources and improve speed of goods movement.
2. Inclusion of fleet owners under the GST, would help them save upto 10% of their costs incurred towards new fleet, tyres, etc.
3. bringing diesel under the purview of GST has been mulled over, but this step can further lower costs upto 7-8% for fleet owners
4. We also expect more support for our transporters on the road, especially in the form of affordable board and lodging.
5. Investment in digital R&D for the supply chain is critical, especially in an era of hyper-competition and significant opacities along the way.

In the current economic climate, supply chain efficiency is vital to ensure that India’s economy stays robust. Making that a reality requires government support- and we’re confident the 2023 Budget will reflect that.”