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2021 Budget Expectation from Welspun One Logistics Parks

2021 Budget Expectation from Welspun One Logistics Parks
Anshul Singhal, Managing Director, Welspun One Logistics Parks:
 
“The government has given a tremendous push to the warehousing sector through systematic reforms like implementation of the GST, accordance of infrastructure status to the sector, and mooting the National Logistics Policy. Demand for Grade-A warehousing is expected to increase consistently. Further incentives towards private and institutional investment in warehousing and logistics parks through tax benefits, streamlined compliance and strengthening last-mile connectivity via support infrastructures like roadways, interstate transport, and factory-to-port facilities, will greatly benefit the sector’s growth. These steps will not only generate employment but will significantly reduce logistics costs, which currently makes up about 14% of the GDP. Investment in Automation and AI can also be encouraged, as this will enable the flow of private long-term capital into the sector.”

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