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How the Union Budget 2022 Will Boost The Logistics Industry

The Union Budget 2022 promotes the PM Gati Shakti National Master Plan that will boost the countryu2019s growth towards the logistics and IT sectors.

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How the Union Budget 2022 Will Boost The Logistics Industry

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  1. PM Gati Shakti National Master Plan: What the Union Budget 2022 Has in Store for Telematics

  2. Fact Time! India dedicates the highest percentage i.e. 13-14% of its GDP to the logistics sector. USA, China and Germany spend 6-7% on their logistical growth

  3. The Gati of Promoting GATI SHAKTI Union Budget 2022 promotes the logistics industry through PM Gati Shakti National Master Plan by proposing to Unify modes of transportation through multi- modal connectivity Simplify multi-modal logistics through Unified Logistics Interface Platform (ULIP) Extend national highway network by 25,000 kms Introduce 400 new Vande Bharat trains

  4. The Electric Future The Budget promotes EVs by initiating battery swap stations and clean zones. EVs are soon to become common in commercial fleets due to dropping costs and easy recharges.

  5. The Flying Future $5 Billion Market size is estimated for drones soon. Drones will address last-mile deliveries in remote and hilly areas

  6. Better Connections for Better Logistics Through 5G spectrum auctions, the fastest networks will be available to public by 2022-2023 ₹29,432 crores is set aside for laying optical fiber in rural areas

  7. Technology on the Rise The budget promotes technological growth in the industry through ULIP It also addresses the need for a stronger IT infrastructure.

  8. Will the Logistics Industry Rise? The logistics industry seems to have an upper hand in this gamble

  9. Highlights and Key Updates With PM Gati Shakti and other policies and money dedicated to the logistics sector, more investors will feel safe to invest in the industry. The Budget’s overall emphasis on infrastructural growth will further help the logistics industry The emphasis on the growth of small and local businesses will lead to more cargo transportation requirements, further benefiting the logistics sector

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