The logistics sector expect that tax burdens should be reduced on fuel and operations to support the financial sustainability in the interim budget 2024.
The Central Government is expected in the upcoming budget to invest in improved road networks, strategically located delivery hubs, and advanced technology solutions for optimal route planning and reduced tax burdens on fuel and operations.
The logistics companies are looking forward at strengthening economic zones, expediting process and working more towards connectivity as it will help reduce cost and time and increase productivity, economy. Tax breaks and subsidies for AI, and blockchain integration are crucial to streamline operations, enhance transparency, and propel India to the forefront of digital logistics
It was also added that the focus should be given to reducing steel prices, incentivizing standardization, aid or subsidy for skill development and training, access to capital for investment for Grade A warehousing and digital adoption.
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