Budget 2025 Expectations|Govt should offer targeted incentives for warehousing sector, says Mahindra Logistics Ltd MD Rampraveen Swaminathan

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 logistics 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 Rampraveen Swaminathan, MD & CEO, Mahindra Logistics Ltd. has to say--

“The upcoming budget presents a pivotal opportunity to strengthen India’s logistics and supply chain sector, a backbone of economic growth and a key enabler of trade and commerce.

By prioritizing infrastructure investments across highways, expressways, multi-modal transport networks, and logistics parks, the government can catalyse sectoral transformation.

Accelerating automation, digitisation, and green logistics adoption—backed by advanced EV infrastructure—will foster efficiency and sustainability.

Measures aimed at reducing logistics costs, enhancing skill development, and formalizing gig economy employment through comprehensive regulatory frameworks will drive inclusivity and innovation.

To drive India's logistics sector toward global competitiveness, we urge the government to prioritize incentives that enhance global connectivity and enable seamless integration with international markets.

Additionally, enforcement of targeted incentives for the warehousing sector will not only boost infrastructure development but also position India as a strategic hub for global trade.

A forward-thinking budget that addresses these priorities will elevate India's global competitiveness and position the nation as a leader in logistics innovation and manufacturing excellence”.

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.