‘Provide tax rebates to logistics start-ups, promote FDIs’

Lalit Das, Founder of 3SC Analytics shares his expectations from the upcoming budget 2023-2024 and says, “The finance minister can address the challenges faced by the logistics sector in several ways in the Budget 2023. One of the key ways is by ensuring easy funding availability to start-ups in the sector. This can help these businesses to overcome financial barriers and scale up their operations. The finance minister can also consider providing tax rebates to start-ups in the logistics sector, which can help these businesses to reduce their costs and increase their competitiveness. Another way to support the logistics sector is by emphasizing the importance of enhancing the digital ecosystem. This can include measures such as providing tax incentives to businesses that adopt digital technologies or investing in infrastructure to improve internet connectivity. In addition, the finance minister can consider providing a rebate for those involved in exports and bringing foreign currency into the country. This can encourage more businesses to participate in international trade, which can, in turn, help unleash export opportunities for the logistics sector. Finally, the finance minister can also focus on promoting more foreign direct investment (FDI) in the logistics sector, which can help bring much-needed capital and expertise.”