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Monumental stride in positioning India as a global logistics powerhouse: Industry execs

Economic Times LogoEconomic Times7h ago

Monumental stride in positioning India as a global logistics powerhouse: Industry execs - Economic Times

Quick Summary:

Gregory Goba Ble, UPS Managing Director in India, said that the budget has hit all the right notes- focusing on infrastructure development, leveraging technology and supporting MSMEs including traditional artisans through innovative measures such as e-commerce export hubs.

Given its direct linkage to the economy, proposals around enhanced outlays for road connectivity, rural development and infrastructure investments auger well for road logistics demand, said Srikumar Krishnamurthy, Senior Vice President & Company Group Head, Corporate Ratings, ICRA Ltd.

Setting up of the e-commerce export hubs will also increase our global competitiveness and boost exports," said Vineet Agarwal, Managing Director of Transport Corporation of India Ltd (TCIL).


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Article Details

Author / Journalist: PTI

Category: Business

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-24 @ 10:39:17 (7 hours ago)

News Timezone: GMT +8:00

News Source URL: economictimes.indiatimes.com

Language: English

Article Length: 1298 words

Reading Time: 8 minutes read

Sentences: 24 lines

Sentence Length: 55 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Economic Times

News ID: 21759403

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Main Topics: Business

Official Website: economictimes.indiatimes.com

Update Frequency: 8 posts per day

Year Established: 1961

Headquarters: India

News Last Updated: 5 hours ago

Coverage Areas: India

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Publication Timezone: GMT +8:00

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Publisher ID: #84

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