Web Exclusive | July 2014
Move on GST welcomed
We strongly welcome the strong thrust on logistical infrastructure, a commitment to implement GST by end of this year, and trade facilitation. This specific deadline on GST implementation will positively impact investor confidence in the logistics sector. The commitment to create single-window e-biz portal for all clearances and payments related to regulatory compliance is a very positive move towards transparency and procedural simplification and will go a long way in reducing transaction costs in the country. The announcement on 24/7 customs clearances in all major airports and ports, and a single-window electronic clearance that integrates customs and other agencies would is another big step towards making India world-class in terms of business environment. Another boost for the logistics sector comes from the announcement on allowing all manufacturers to sell directly through the e-commerce mode which will generate new opportunities for B2C logistics solutions.
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