‘Tech-driven solutions, skill development crucial in logistics’

KK Agarwal, Chairman & Managing Director, CJ Darcl Logistics says,”The Indian economy is projected to grow by 7.2 percent in FY25, driven by improving rural demand and decreasing inflation. We appreciate the govt’s strong focus on the logistics sector with initiatives like PM Gati Shakti, Sagarmala, Bharatmala, and the National Logistics Policy. The previous budget’s emphasis on infrastructure improvement and regulatory streamlining, especially the announcement of railway economic corridors under the PM Gati Shakti initiative, marked a significant leap towards multi-modal connectivity and reduced logistics costs. This aligns with our industry’s expectations and will accelerate India’s GDP growth.” He continued, “Looking ahead, we expect continued support for technology-driven solutions, skill development, and strategic incentives. The anticipated union budget will enhance multimodal connectivity and improve efficiency in the logistics industry. We also foresee comprehensive policies promoting electric vehicles, alternative fuels, and sustainable practices. These measures will boost economic growth in the logistics sector, aligning with the goal of a $5-trillion economy and a ‘Viksit Bharat’ by 2047. A robust Capex Budget is crucial to sustain and enhance this growth trajectory, positioning India as a logistics powerhouse.”