CARGOCONNECT-AUGUST2024 - Flipbook - Page 22
FOCUS : BUDGET 2024-25
RAMPRAVEEN
SWAMINATHAN
Managing Director and CEO,
Mahindra Logistics
The Budget outlines a visionary roadmap for India's economic growth.
Prioritising national infrastructure development with significant
allocation of 3.4 per cent of GDP towards CAPEX and regional equity with
'Purvodaya' aligns seamlessly with our mission to create a nationwide
logistics network. The increased emphasis on road connectivity
projects, investment-ready industrial parks, and energy transition
initiatives will enhance logistics efficiency, reduce transportation costs,
and promote sustainable practices resonating with our commitment to
build environmentally responsible supply chains. The focus on Digital
Public Infrastructure in e-commerce and logistics presents exciting
opportunities for innovation and efficiency gains aligned with our tech
enabled and solution driven offerings.
RAJESH JAGGI
Vice Chairman – Real-Estate,
Everstone Group
IndoSpace commends the government for its proactive measures in
advancing investment-ready plug-and-play industrial parks across
100 cities with robust infrastructure. By collaborating closely with
states and the private sector, this initiative marks a significant stride
towards revolutionising industrial development and urban planning
on a monumental scale. These projects under the National Industrial
Corridor Development Programme (NICDP) are set to emerge as dynamic
economic hubs fostering both development and innovation, promising
a profound and enduring impact on the nation's economic landscape.
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promoting economic development and improving
infrastructure in these less developed areas.
While addressing the parliament, Finance Minister
Nirmala Sitharaman announced that the government
is set to launch Phase 4 of the Pradhan Mantri Gram
Sadak Yojana (PMGSY), aiming to provide all-weather
roads to 25,000 rural habitats. This initiative is
expected to enhance connectivity and support economic
development in rural areas, which in turn, will lead
to creation of new demand and consumption centres
and boost last-mile distribution.
