"The Budget could include incentives and benefits for green initiatives in logistics which aligns with the overall decarbonisation goals of the government and the private sector," Soomar said. "As we approach the Union Budget 2024-25 announcement, TCI is optimistic about the government's commitment to bolstering the logistics sector. Emphasis on infrastructure development, streamlined regulations, workforce upskilling, and enhanced investment in technology will drive efficiency and sustainability," TCI Managing Director Vineet Agarwal said. For enhanced operations and transparency, embracing technology like AI and IoT needs incentives," iThink Logistics Co-founder Zaiba Sarang said. "By addressing these issues, the industry will contribute more to India's economic development," Sarang added.

Source: The North Africa Journal July 19, 2024 00:18 UTC