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The government needs to prioritise incentives that enhance global connectivity and bolster logistics and supply chain, Mahindra Logistics Managing Director and Chief Executive Officer Rampraveen Swaminathan said ahead of the Union Budget. "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," Swaminathan said on his company's Budget expectation. The Union Government is set to present the 2025-26 Budget on February 1. "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," he said. Swaminathan also said that by prioritising infrastructure investments across highways, expressways, multi-modal transport networks, and logistics parks, the government can catalyse sectoral transformation. Accelerating automation,
The government on Thursday said 102 aircraft are on the ground due to supply chain issues and that it has been encouraging development of the ecosystem for manufacturing of planes by public as well as private enterprises in the country. Supply chain woes have been impacting the airlines' industry in recent years, especially after the coronavirus pandemic and due to certain geopolitical developments. In a written reply to the Lok Sabha, Minister of State for Civil Aviation Murlidhar Mohol said aircraft operating in India are periodically inspected for compliance with Directorate General of Civil Aviation (DGCA) regulations. The aircraft can also be withdrawn by the airline from flying when the spare parts and consumables to maintain the aircraft are not available from Original Equipment Manufacturer (OEM) & manufacturer to keep it airworthy. "There are total 822 aircraft registered under Scheduled Air Transport Service out of which 105 aircraft are Aircraft on Ground (AOG) due to ..
Indian businesses should take a "balanced" approach in dealing with China as excessive dependence on its supply chain could be detrimental to India's national interest, External Affairs Minister S Jaishankar said on Thursday. In an interactive session at industry chamber Assocham, he said the recent resolution of the issues in the remaining friction points along the Line of Actual Control (LAC) in eastern Ladakh has resulted in "some progress" but there is a need for further discussions. To a question on evolving relations with China, he said with that country accounting for 32-33 per cent of global manufacturing, it is logical that several supply chains will have to go through China. "It is a reality which we will have to factor (that) into our calculations." "But it is also a fact that if you become excessively dependent on a single supply chain or in the name of supply chain, you open up your market that it is no longer a supply chain, but your sectors are getting hollowed out.