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

Ethiopia’s Kombolcha Industrial Park attracts foreign firms

Apparel/Garments | On 15th Dec 2017

Ethiopia’s Kombolcha Industrial Park attracts foreign firms

Strategic location, modern factory facilities and proximity to the...

Courtesy: 2XU

Apparel/Garments | On 15th Dec 2017

L Catterton Asia announces JV of GXG and 2XU

L Catterton Asia, the Asian unit of the largest and most global...

15 trade associations urge nations to safeguard WTO system

Apparel/Garments | On 15th Dec 2017

15 trade associations urge nations to safeguard WTO system

Fifteen trade and industry associations from across the world have...

Interviews View All

Md Hanifur Rahman
Aman Group

The level of understanding the job role and organisational requirements...

Smarth Bansal
Colorjet India Limited

We would like to venture more companies into the Indian market

Top executives
Textile & apparel bodies

The decision is transformational

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Erik Sy

Manila-based CustomThread is a start-up offering premium custom apparel...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

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 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.6%
No
12.0%
Skip
18.5%

Total Votes: 92

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
62.0%
No
30.4%
Skip
7.6%

Total Votes: 92

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.0%
No
9.8%
Skip
3.3%

Total Votes: 92

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
81.5%
No
8.7%
Skip
9.8%

Total Votes: 92


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search