SME Times is powered by   
Search News
Just in:   • Exports fall by over 9 pc YoY in Nov  • Bharti Airtel arm picks up 4.9% stake more in Bharti Infratel  • Engineering exporters seek easier GST refund rules at BoT meet  • Centre to incubate electronics startups opened in K'taka  • Samsung tops global smartphone production in Q3: Report 
Last updated: 25 Oct, 2020  

Logistics generic THMB 'Digitisation need of the hour for logistics sector'

   Top Stories
» Exports fall by over 9 pc YoY in Nov
» Engineering exporters seek easier GST refund rules at BoT meet
» RBI commences MPC meet on Wednesday
» 'Corporate India gradually reverting to normalcy'
» Manufacturing sector loses growth momentum in November
SME Times News Bureau | 25 Oct, 2020
As the Indian logistics sector returns to normal operations after being severely impacted by the pandemic and the lockdowns, sector players feel that digitisation is the need of the hour for the segment.

They are of the view that the National Logistics Policy which is currently under works would digitally integrate all stakeholders and the processes involved in the operations.

"The foremost expectation from the National Logistics Policy is a digital integration of the highly fragmented players and processes of the logistics sector in India. The non-availability of such single window platforms makes the logistics sector too complicated," said Ambrish Kumar, Founder of Zipaworld and Group CEO, AAA 2 Innovate Private Ltd.

Noting that digitisation is the need of the hour for the logistics sector in India, Kumar said that government should promote and encourage the tech players to come forward to assist in a swift turnaround of the orthodox working model of the logistics sector.

Lancy Barboza, Managing Director of Flomic Group said that for the Indian logistics sector to achieve best global standards, port infrastructure should be improved, laws should be simplified as much as possible and ambiguities need to be discarded.

The logistics policy, she said, must come out with clear regulations for shippers, consignees, exporters and importers.

"Existing loopholes in legislation should be eliminated or mitigated as much as possible," Barboza said.

According to Rajesh Neelakanta, ED & CEO, BVC Logistics, tax exemption should be allowed for the sector's exports during the pandemic period. He said that it will help logistics providers to stay afloat and see thru these difficult times.

"Further extensions in timelines for payment of tax dues/filing of returns for business done this financial year, to help tide over the huge cash flow crisis that businesses are going through currently, would be a strong support sentiment that the government can extend," he said.

He noted that one of the major challenges that a logistics service provider is facing is the different interpretations of the GST law by state enforcement officers.
Print the Page
Add to Favorite
Share this on :

Please comment on this story:
Subject :
(Maximum 1500 characters)  Characters left 1500
Your name:

  Customs Exchange Rates
Currency Import Export
US Dollar
UK Pound
Japanese Yen 58.85 56.85
As on 03 Dec, 2020
  Daily Poll
COVID-19 has directly affected your business
 Can't say
  Commented Stories
» Starting an import export business: Basic guide for beginners(1)
» MSME registration(1)
» MSME schemes - Do you know all of them?(1)
» Biodiesel is the fuel of future: Santosh Verma(1)
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter