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Budget 2024 for Logistics Sector
What are the top expectations for the Logistics Sector in the upcoming Interim Budget 2024-2025? Click on to financialexpress.com and get a comprehensive idea on our dedicated page Who Gets What. Navigate through a handy ready reckoner, meticulously crafted to provide a glance at previous Budgets declarations for the sector.
Budget 2024 Announcements for Logistics Sector
Logistics Sector
- EV ecosystem will be expanded and strengthened by expanding manufacturing and charging infrastructure
- The biggest beneficiaries are the consumers, as reduction in logistics costs and taxes have brought down prices of most goods and services.
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Budget Announcements for Logistics Sector in FY2024
Logistics Sector
- Union Budget 2023 announced an increase in the capital investment outlay by 33%
- It also notified the aim of improving efficiency and reducing costs.
Budget Announcements for Logistics Sector in FY2023
Logistics Sector
- Plans unveiled for 25,000 km of new highways, Gati Shakti Masterplan focusing on expressways, establishment of 100 new cargo terminals with multi-modal logistic parks, and initiatives linking urban transport to railways, aiming to significantly elevate new warehousing and logistics facilities nationwide.
Budget Announcements for Logistics Sector in FY2022
Logistics Sector
- Union Budget 2021-22 notified an increase in infrastructure spending with a focus on economic corridors, improved road, and railway infrastructure, and a push towards digitalisation.
Budget Announcements for Logistics Sector in FY2021
Logistics Sector
- The announcement of a National Logistics Policy was notified.
- A single-window e-logistics market with focus on generation of employment, and skills and making MSMEs competitive was also declared under the policy.
Budget Announcements for Logistics Sector in FY2020
Logistics Sector
- The Minister announced the implementation of complete digitalization for export/import transactions by Indian Customs.
- They mentioned the utilization of RFID technology to enhance export logistics.
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