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Date: 25/07/2024

BUDGET REACTION
The MSME cluster initiative announced in the Budget is a game-changer
Uday Sharma, Chief Commercial Officer, Allcargo Gati Limited
 
The Budget's robust initiatives for the infrastructure, skill development and MSME sector are set to transform possibilities into realities.
 
The Rs 26,000 crore investment in road connectivity projects, including key expansions like the Patna-Purnea Expressway and new infrastructure such as the Bodhgaya-Rajgir-Vaishali-Darbhanga route, underscores a major step towards enhancing connectivity and faster transportation of goods.
 
The MSME cluster initiative announced in the Budget is a game-changer for our sector. By enhancing access to credit and promoting business growth, it acts as a catalyst for MSMEs, enabling them to expand operations and thrive. This initiative will not only benefit MSMEs but also have a positive ripple effect on logistics partners like us, facilitating smoother operations and enhanced service delivery to meet growing business demands effectively. The establishment of e-commerce hubs in PPP mode increases the volume and shipments from MSME Clusters and empowers traditional artisans to access global markets. Further, the plans for 24 new SIDBI branches serving MSME clusters, this Budget reinforces support for inclusive growth.

 



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