Multimodal connectivity will improve growth

JB Singh, Director MOVIN said, “The budget is in line with the government’s long-term goal of having a successful and integrated logistics industry. This industry will be more competitive with this budget. The effective multimodal connectivity initiative will act as a catalyst for the overall sector’s improvement. Logistics is established as a major economic pillar by the government’s emphasis on the railway infrastructure and crucial transport projects for first and last-mile delivery of the specified sectors. Additionally, the emphasis on upskilling people and the introduction of the digital infrastructure will lead to more young employment in this sector, establishing a complete ecosystem. This would help in lowering the cost of logistics while also facilitating trade and bringing India into compliance with international standards.”