New Delhi, Jan 30 (KNN) Highlighting the expectations of the Logistics Sector from this year's Budget set to be presented in the next two days, the CEO and Co-founder of FarEye, Kushal Nahata hoped that the budget 2019 should include regulations that will drive organizations to digitalize key logistics and supply chain processes.

The entrepreneur suggested that by mandating digitalization of certain key accounting, billing and logistics processes, the government can ensure greater levels of compliance (especially with regards to environmental sustainability) and tackle corruption in a better way.

Also, this year's budget should highlight the current state of e-Way bill adoption, he said.

Nahata stressed upon a need to speed up the development process of projects like the Dedicated Freight Corridor (DFC).

We are also expecting announcements with regards to building integrated transportation hubs or Multi-Modal Logistics Parks, he added.

The government can plan to introduce special windows to help logistics startups compete with large technology providers when it comes to winning government tenders, he suggested.

Also, there is an urgent need to simplify GST, especially with regards to the logistics industry, he mentioned.

“Once multiple types of businesses are brought under an organized trade structure, supply chain organizations will be able to deliver better value propositions to customers and hence boost revenue collections for the government,” Nahata highlighted.

He added, “Deploying a uniform GST rate across the country is another initiative that the government needs to talk about in this year's budget."