The supply chain and logistic sector in India is experiencing alterations as the initiatives by Indian government regarding the GST implementation and providing infrastructure status to the sector has dragged the businesses to give more worth to this business feature, investing in it and appointing the best talent to push it higher.
The DHL Express India head, RS Subramanian stated that…..
“From GST the industry has one common wish list: one market, seamless flow of goods, helping businesses focus on real cost optimization in their supply chain and eventually lower transaction cost. Right away, we see improved speed of goods movement with reduced roadblocks but for the rest, it is early days yet. GST implementation is on a phase of continuous improvement -it’s a matter of time before the benefits flow,”.
The future group founder, Kishore Biyani expressed his views and stated that the logistics and supply chain are the most essential back-end features of the company’s overall dealing. Its significance has gone high just in the previous year. He also said that the logistics overhead of the future group is below 2%, saying that it is least 50% lower than any of the rivals.
Adding some more views to his statements, the founder also commented that….
“GST and the infrastructure status to this sector are the two biggest, most important things that could have happened for logistics and supply chain. We had GST in mind even when we started this company. We designed everything around GST. When GST came in, we thought we have a play now,”.
From the first day of July month, the government of India got started with a notable tax service that swaps a minimum of 7 indirect tax heads in combination with the countervailing duty, particular additional custom tax, value added tax, excise tax, central sales tax, service tax, octroi & state cesses with single tax on goods & services.
On 21st of November month, it presented status of infrastructure to logistics sector which in effect means any more investment in infrastructures such as the stockroom and cold chain storage in this sector would receive the benefit of economical funds from banks.
The chairman of the Warburg Pincus-backed Stellar Value Chain solutions, Anshuman Singh said…
“The government giving infrastructure status to this sector is a brilliant move. Now the companies that build warehouses and cold chains will get loans at least a 2% lower interest rate than what’s prevalent. This will decrease their costs and ultimately have a positive impact on the rentals the 3PL companies like us are paying to them for leasing that infrastructure. However this only benefits bigger players as the government has mandated that this is valid only when it entails an investment of Rs 25 crore or above in warehousing infrastructure,”
The chairman also commented that while some teething issues linked with GST are resolved, the country’s government is still required to strike the ‘e-way bill’, the complex electronic invoice that is intended to take the place of paper invoices in these processings’. The Industry players as well as state governments have been showing up the issues regarding the new bill system, leading to the country’s government to put off its execution to the month of April in the coming year.
The chairman of logistics firm Agarwal Movers and Packers, Ramesh Agarwal, stated that soon he will be capable of passing on the substantial costs benefits to his clients. Additionally, The founder and chairman of Allcargo Logistics, Shashi Kiran Shetty stated that the hiring trends have been immeasurably altered for the logistics groups.
In accordance with Upadhyay of Michael Page, The other remarkable trend is that several freelance professionals who hold the suitable acquaintance with the big data and artificial intelligence are purely being appointed on the basis of specific contracts in order to perform as the crossing point between these groups and also their new technical as well as the mechanization partners to proficiently manage supply chain & logistics.
The supply chain and logistic sector in India are experiencing alterations as the initiatives by Indian government regarding the GST implementation and providing infrastructure status to the sector has dragged the businesses to give more worth to this business feature, investing in it and appointing the best talent to push it higher.
The DHL Express India head, RS Subramanian stated that…..
“From GST the industry has one common wish list: one market, seamless flow of goods, helping businesses focus on real cost optimization in their supply chain and eventually lower transaction cost. Right away, we see improved speed of goods movement with reduced road blocks, but for the rest, it is early days yet. GST implementation is on a phase of continuous improvement -it’s a matter of time before the benefits flow,”.
The future group founder, Kishore Biyani expressed his views and stated that the logistics and supply chain are an essential back-end features of the company’s overall dealing. Its significance has gone high just in the previous year. He also said that the logistics overhead of the future group is below 2%, saying that it is least 50% lower than any of the rivals.
Adding some more views to his statements, the founder also commented that….
“GST and the infrastructure status to this sector are the two biggest, most important things that could have happened in logistics and supply chain. We had GST in mind even when we started this company. We designed everything around GST. When GST came in, we thought we have a play now,”.
From the first day of July month, the government of India got started with a notable tax service that swaps a minimum of 7 indirect tax heads in combination with the countervailing duty, particular additional custom tax, value added tax, excise tax, central sales tax, service tax, octroi & state cesses with single tax on goods & services.
On 21st of November month, it presented the status of infrastructure to logistics sector which in effect means any more investment in infrastructures such as the stockroom and cold chain storage in this sector would receive the benefit of economical funds from banks.
The chairman of the Warburg Pincus-backed Stellar Value Chain solutions, Anshuman Singh said…
“The government giving infrastructure status to this sector is a brilliant move. Now the companies that build warehouses and cold chains will get loans at least a 2% lower interest rate than what’s prevalent. This will decrease their costs and ultimately have a positive impact on the rentals the 3PL companies like us are paying to them for leasing that infrastructure. However this only benefits bigger players as the government has mandated that this is valid only when it entails an investment of Rs 25 crore or above in warehousing infrastructure,”
The chairman also commented that while some teething issues linked with GST are resolved, the country’s government is still required to strike the ‘e-way bill,’ the complex electronic invoice that is intended to take the place of paper invoices in these processings.’ The Industry players, as well as state governments, have been showing up the issues regarding the new bill system, leading to the country’s government to put off its execution to the month of April in the coming year.
The chairman of logistics firm Agarwal Movers and Packers, Ramesh Agarwal, stated that soon he would be capable of passing on the substantial costs benefits to his clients. Additionally, The founder and chairman of Allcargo Logistics, Shashi Kiran Shetty stated that the hiring trends had been immeasurably altered for the logistics groups.
In accordance with Upadhyay of Michael Page, The other remarkable trend is that several freelance professionals who hold the suitable acquaintance with the big data and artificial intelligence are purely being appointed on the basis of specific contracts in order to perform as the crossing point between these groups and also their new technical as well as the mechanization partners to proficiently manage supply chain & logistics.