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Budget 2019: Expectations from logistics-tech startup

Updated: Jun 20, 2019 10:46:33am
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Budget 2019: Expectations from logistics-tech startup

New Delhi, June 20 (KNN) The Budget 2019 should include regulations that will drive organizations to digitalize key logistics and supply chain processes, said CEO & Co-founder of logistics-tech startup Kushal Nahata.

By mandating digitalization of certain key accounting, billing, and logistics processes the government can ensure greater levels of compliance and tackle corruption better, he added.

He said that there is a need to speed up the development process of projects like the Dedicated Freight Corridor (DFC). Also, we are also expecting announcements with regards to building integrated transportation hubs or Multi-Modal Logistics Parks

Government can plan to introduce special windows to help logistics startups compete with large technology providers when it comes to winning government tenders. Also, there is an urgent need to simplify GST, especially with regards to the logistics industry, he added.

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

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