Highlights of Budget 2018 and What It Means for the Logistics Sector

The much awaited budget of 2018 is finally out. Though the implementation of the E-way bill on the same day of the budget announcement may have overshadowed it slightly, there is still a lot to cheer for the logistics and supply chain industry in India. With a capital outlay and extra budgetary expenditure of Rs. 5.97 lakh crore for infrastructure, the Government continues its aggressive push to modernise India’s logistics industry. Below are some of the biggest takeaways from the 2018–19 Union Budget - Continued Focus on Developing Road InfrastructureThe Government is confident of completing the 9,000 KMs of road…

Logistics and Infrastructure takes Center Stage at Budget 2017

The 2017 financial and rail budgets being presented together was a historic shift for the Government. The push has been maintained towards modernizing the nation’s logistics infrastructure and encouraging movement of good via multi-modal channels.A few highlights of the Union Budget and what implications they would have on the logistics and technology sectors:Transportation infrastructure has taken a lion’s share of the 2017 budget with an outlay of Rs 2.41 lakh crore (11% increase over the 2016–17 budget).2,000 km of coastal roads (Bharat Mala) to be constructed which will increase connectivity to ports with a total outlay of Rs 64,000 Crores…