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Date: 22/01/2025

BUDGET 2025 EXPECTATION

‘Further digitalisation and automation of freight operations could be prioritised to improve efficiency and reduce the cost of logistics’
Mr. Rizwan Soomar, Chief Executive Officer and Managing Director, DP World Middle East,  North Africa and India Subcontinent 
“Investments in logistics infrastructure has a direct impact on growth of trade. Further, increase in capex outlay focused on a multimodal transport ecosystem, modernising physical, digital and social infrastructure, will help in enhancing India’s connectivity to emerging and mature markets. Railways are the backbone of India’s logistics ecosystem. Look forward to the dedicated rail freight corridors operationalised to scale movement to/from ports and to connect production/consumption centres in India even more effectively. Similarly, the investments in infrastructure and facilities at ports and inland cargo terminals, too, must be encouraged and incentivised. Further digitalisation and automation of freight operations could be prioritised to improve efficiency and reduce the cost of logistics. Sustainability is a vital, underlying aspect of the infrastructure and logistics sectors. Promoting the use of renewable energy shore power systems at India’s ports and adoption of electric vehicles at ports and logistics facilities through suitable tax incentives will enhance the country’s green credentials in trade. The Budget could also consider introducing new export incentives and strengthening the implementation of existing schemes which will reduce export costs and enhance global competitiveness of India’s goods.”

 



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