“We welcome the steps initiated by the government in this budget to emphasise the importance of warehousing and logistics in the country. Steps like setting up warehousing facility by the Food Corporation of India and the Warehousing Corporation of India on their land will allow businesses to realise the importance of establishing an integrated network of logistics and warehousing. The development of seamless cold storage facilities will boost exports of food, dairy and horticulture produced in India. The fund allocation of Rs 100 lakh crore for infrastructure in five years and involve youth for rolling out value-added services and open avenues to train them in areas like construction, operation and maintenance of infrastructure will not only enable skill development, but make India a powerhouse in the infrastructure sector. Also, the addition of 9,000 km economic corridors and 2,000 km strategic highways are going to support the warehousing sector across the country. A special focus on Chennai-Bengaluru highway development will boost infrastructure and allow more investments from different segments through this corridor. Fast track mechanism to complete the projects will provide additional stimulus to aid the growth envisioned in the next five years.”
