Nikhil Agarwal, President of CJ Darcl Logistics Ltd.
Credit: CJ Darcl Logistics Ltd
Finance Minister Nirmala Sitharaman will present the 8th consecutive Union Budget on February 1, 2025. Reports suggest that the government is mulling over cutting income tax for those who are earning up to Rs 15 lakh a year in February's budget, in turn providing relief to the middle class.
The logistic sector has pinned high hopes on the Union Budget FY 2025-26 documents and is keeping its fingers crossed regarding their expectations from the government's most important financial document of the year.
Here's what Nikhil Agarwal, President of CJ Darcl Logistics Ltd has to say--
“The upcoming Union Budget has the potential to boost India's economic growth by addressing key areas focusing on the logistics infrastructure. To further strengthen the industrial base, we hope for implementation of imperative policies aimed at advancing the manufacturing, technology and logistics sectors.
CJ Darcl envisions this budget to be a turning point for the logistics sector. We believe that continued allocation in multimodal transport systems and the development of inland waterways are vital for establishing resilient and efficient supply chains.
As sustainability takes center stage, we expect the implementation of advanced policies that endorse green technologies and promote the integration of electric vehicles within the commercial fleet, utilisation of alternative fuel sources & renewable energy infrastructures enhancements, and subsidies/incentives for adopting sustainable operational methodologies.
These measures can accelerate India's journey to become a global manufacturing hub.
Additionally, we expect the government to launch programs for workforce development driven via skill development programmes targeting developing industries and expanded training centers for logistics professionals.
This budget is an opportunity to strengthen India's reputation as a strong economy that balances growth with inclusion, innovation and sustainability.”
Union Budget 2025 | Nirmala Sitharaman, who continues to be Finance Minister, will present her record 8th Union Budget this time. While inflation has burnt a hole in the pockets of 'aam janata', reports suggest there might be a tax relief for those making up to Rs 15 lakh per year. Track the latest coverage, live news, in-depth opinions, and analysis only on Deccan Herald. Also follow us on WhatsApp, LinkedIn, X, Facebook, YouTube, and Instagram.