GST, infrastructure status to spur investment in logistics sector

The grant of infra status and the implementation of GST have paved the way for consolidation and growth in the sector

Two recent changes have raised the hopes of logistics companies after years of neglect and subdued growth. Together, the implementation of the goods and services tax (GST) and the grant of infrastructure status to the sector are expected to spur investments and bring much-needed efficiencies to logistics companies that have remained shackled by high costs of operations.
 
The industry believes the twin measures will reduce the overall cost of logistics for manufacturers to the internationally acceptable level of 7-10 per cent of the gross domestic product (GDP), from the current 13-14 per cent, and boost exports by making Indian