Home / Knowledge / News / Demands for Industry Status to supply chain & logistics in budget
Demands for Industry Status to supply chain & logistics in budget
29
Jun '09
Safexpress, the 'Knowledge Leader' and the 'Market Leader' in Supply Chain & Logistics has proposed to the Indian Government for providing an 'Industry Status' to Supply Chain & Logistics Sector in India.

Supply Chain & Logistics Sector has today grown to USD 100 Billion and forms the backbone of Indian Economy. This Sector contributes immensely in the growth and development of the Indian economy. Today, when our economy is undergoing downturn, Supply Chain & Logistics Sector has a pivotal role to play in the swift bouncing back of our economy.

India spends 13 percent of its Gross Domestic Product (GDP) on Supply Chain & Logistics as opposed to the usual practice of 10 percent by other developing nations. The Indian economy is striving for improvements in the field of Supply Chain Management & Logistics to gain a competitive edge in today's globalised economy. The Indian Government must enhance its focus towards the growth of the Supply Chain & Logistics Sector in India by taking some concrete measures.

Discussing about the key challenges faced by the Indian Supply Chain & Logistics Sector, Mr. Vineet Kanaujia, GM-Marketing, Safexpress expressed his views by saying, “Inefficient Infrastructure could be the single most critical issue India faces today. Despite impressive economic growth, India's dilapidated roads, congested ports, inadequate power and complex state regulations are impeding development in the Supply Chain & Logistics Sector.”

He further added “National Highways form only 2 percent of the entire Road Network in India, but handle over 40 per cent of the national road freight traffic, putting tremendous pressure on the highway infrastructure as well as resulting in severe traffic bottlenecks. On an average a commercial vehicle in India runs at a speed of 20 miles per hour (mph) compared to over 60 mph in the developed markets of USA and Western Europe.”

He added, “The present pace of Road Infrastructure development in India is slow vis-à-vis other developing economies. The quality of roads in comparison with China is well below expectations and our poor hinterland connectivity is affecting the trade growth in our country.”

Mr. Kanaujia further emphasized on the development of Road Infrastructure by saying “High transactions costs arising from inadequate and inefficient infrastructure can prevent the economy from realizing its full growth potential irrespective of the progress on other fronts. The sooner our Government takes some concrete steps to improve this situation, the better it would be.”

Talking about his expectations from the Indian Government in the upcoming budget, Mr. Kanaujia added “Efficient Infrastructure is the key to the growth of the Supply Chain & Logistics Sector in India. We would request the government to increase its thrust on Infrastructure Development and to take initiatives for faster development of roads. The Budget for 2009-10 must encourage Private and FDI inflows into Infrastructure and must ease regulatory hurdles in order to facilitate building up of world-class infrastructure.”

Must ReadView All

Courtesy: India ITME

Textiles | On 8th Dec 2016

Industry needs to create 1cr jobs in 3yrs: Kavita Gupta

Sharing several initiatives laid out by the government in R&D,...

Textiles | On 8th Dec 2016

Package will boost made-ups sector: SIMA

The reforms package approved by the Union Cabinet to boost employment ...

Textiles | On 8th Dec 2016

Cabinet okays reforms to boost jobs in made-ups sector

The Union Cabinet chaired by prime minister Narendra Modi has given...

Interviews View All

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

Karel Williams
Dow Microbial Control

'Silvadur is most rapidly adopted in areas where hygiene-conscious and...

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
December 2016

December 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


Advanced Search