Safexpress praises the Union Budget 2009

13 Jul '09

6 min read

Safexpress, the 'Knowledge Leader' and the 'Market Leader' of the Indian Supply Chain and Logistics Sector, has praised the Union Budget 2009. The company had made some key recommendations to the Government of India before the Budget. In a Post-Budget reaction, the company has expressed contentment over the measures taken by the Government.

Speaking to the media about the Union Budget 2009, Mr. Vineet Kanaujia, GM-Marketing, Safexpress said, “We had made certain vital recommendations to the Government of India before the Budget, with respect to the growth of Supply Chain & Logistics sector in India. We are grateful to the Government for taking actions which are very well in line with the recommendations made to them by us.”

“This Budget is fundamentally strong and has been designed keeping in mind the overall good of the economy and the people. Also, the Government's clear focus on Economic Resurgence and Long-term Growth is very admirable.”

Speaking about the pre-Budget recommendations, Mr. Kanaujia said, “Some of the Key Recommendations made by us on behalf of the Supply Chain & Logistics sector to the Government included increasing the thrust on Infrastructure Development, bringing in a Uniform Tax Structure, providing industry status and setting up a single regulatory body for the entire sector, and creating more skilled manpower,.”

Reflecting upon the Union Budget 2009, Mr. Kanaujia said, “The Government has increased its budget on Infrastructure Development significantly this year. It has increased the outlay towards development of National Highways by 23% and Railways infrastructure by over 50% vis-à-vis last year. This Infrastructure boost is an excellent move and will contribute immensely in the overall Economic Growth of the country.”

He added, “The Government has shown an intent to exponentially augment the Infrastructure spends to 9% of India's GDP by 2014. It has announced an investment of Rs. 6,00,000 Crore between 2009 to 2014 for the development of Infrastructure including Roads, Ports and Airports. Out of the total funds, nearly 80% have been earmarked for the development of Roads. This is very good news for our sector because bulk of the Supply Chain & Logistics business in India happens through Road Transport itself.”

Speaking about the new Taxation policy of the Government, Mr. Kanaujia said, “With respect to the varying tax structures across various states, we had requested the Government before the budget to introduce a Uniform Tax Structure across the country to simplify the Government procedures with respect to movement of goods. The Government's decision of introducing GST from next year will help in propelling the growth of Supply Chain & Logistics sector.”

Commenting further about the Government's initiative for implementation of GST, he said, “The Government plans to introduce Dual GST structure in India – Central GST and State GST. This dual structurewill ensure a higher involvement from the states, and consequently their buy-in into the GST regime, thus facilitating smoother implementation.”

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