Logistic honchos laud Centre for brining supply chain costs down

New Delhi [India], May 3 (ANI): Companies and manufacturers involved with the transport and logistics sectors in India have lauded the Centre for taking steps to bring down supply chain costs.

Sougato Shome, Vice President of Future Supply Chain Solutions Ltd told ANI. "The whole intention of the government is to bring down the supply chain cost in India. Once you bring down the supply chain cost in India it actually enables the growth of the GDP to that extent, on this multi-modal logistics part, what they enable you to do is to use rail, road and water ways."

Consultant of the J. M. Baxi Group Tapan Dutta said, "The waterway movement the company already started the waterway movement, that is one of the major areas that the government is promoting both coastal and inland. The company is already into the waterway movement on the container movement of waterway transportation," he said.

Maharashtra Maritime Board Nautical Advisor Captain Harish Khatri stressed on the need to bring for a Public Private Partnership (PPP) model to propel the logistics sector in the country.

"PPP mode is the most desired way of handling issues because these are very capital intensive projects in this sector. If you want to develop the government must ensure that land acquisition is done properly, ensure that there is a hand held approach to the prospective investors for obtaining the environmental clearances. The government must felicitate this so that the real hardcore investment comes," Khatri told ANI.

All the three were speaking on the sidelines of the three day India Integrated Transport and Logistics Summit (IITLS) 2017, that is being held under the aegis of Ministry of Road Transport and Highways and Shipping.

The companies are opportunistic as the Government of India has plans to invest Rs 50,000 to set up 35 multi-modal logistics parts and development of 50 economic corridors in next future. (ANI)