Quote from Mr Bhavik Chinai, Group CEO, BVC Logistics on the pre-budget expectations from the Logistics Sector.

“We expect the Union Budget to provide for large incentives for jewelry exporters for exporting <$1000 shipments which will boost e-commerce & could make India a global leader in jewelry, like in diamonds. A higher interest rate in the Gold Monetization Scheme will lead to improved Indian BOP & employment in the jewelry sector.

We are hoping for a higher budget for new airports, tax benefits for logistics capex & simplification of procedures for new exporters through a single window between DGFT, Customs & GST will unquestionably help the e-commerce & logistics industries.”