"GST will increase productivity and efficiency"

"GST will increase productivity and efficiency"

Raaja Kanwar, Vice Chairman & MD, Apollo International, tells Anilesh S. Mahajan that the logistics industry is poised for growth.

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Raaja Kanwar, Vice Chairman & MD, Apollo International (Photo: Vivan Mehra)Raaja Kanwar, Vice Chairman & MD, Apollo International (Photo: Vivan Mehra)
Anilesh S Mahajan
  • Apr 1, 2017,
  • Updated Apr 5, 2017 11:10 AM IST

The government announced huge investments in the infrastructure sector in the Budget which is in continuation with its increased focus on infrastructural development over the past few years. The total allocation for infrastructure stands at Rs 4,00,000 crore approximately, and the total capital outlay for the transport sector at an estimated Rs 2,50,000 crore. The Budget allocation for highways alone stands at Rs 64,000 crore in 2017/18. The increased investment in the infrastructure sector augurs well for the logistics players. Over the years, the industry lost out on a lot of business potential because of infrastructural deficiencies in our country. We are ready for this change as it will fasten the growth of the logistics industry in India.

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The government announced huge investments in the infrastructure sector in the Budget which is in continuation with its increased focus on infrastructural development over the past few years. The total allocation for infrastructure stands at Rs 4,00,000 crore approximately, and the total capital outlay for the transport sector at an estimated Rs 2,50,000 crore. The Budget allocation for highways alone stands at Rs 64,000 crore in 2017/18. The increased investment in the infrastructure sector augurs well for the logistics players. Over the years, the industry lost out on a lot of business potential because of infrastructural deficiencies in our country. We are ready for this change as it will fasten the growth of the logistics industry in India.

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