Share on

Fast tracking the policies and initiatives to spur growth

Budget 2023: Supply chain and logistics industries want policies and initiatives to be carried out more quickly, from Gati Shakti to NLP.

Fast tracking the policies and initiatives to spur growth - Supply Chain Tribe by Celerity

The PM Gati Shakti National Master Plan, among other projects, is the most ambitious, has been a key component of recent budgets.

Out of the Rs 7.5 lakh crore set out in the FY23 Budget for capital expenditures, only 55%, or Rs 4.09 lakh crore, has been used as of October 2022. The PM Gati Shakti National Master Plan, among other projects, is the most ambitious since it has the potential to save Rs 10 lakh crore annually by increasing India's logistical efficiency. Infrastructure construction has been a significant component of recent budgets.

Measures to improve the implementation of infrastructure projects allocated under the plan, such as logistic parks, dedicated freight routes, and cold storage facilities, may be included in the budget. Bids for the 15 MMLPs, which the government has prioritised for development over the next three years, are expected to be finished soon in Bengaluru, Nagpur, and Indore. To ensure a seamless integration of the scheme's goal, the budget is anticipated to put special emphasis on measures for speeding this process.

DFCs, providing the Ministry of Railways with greater funding will be a positive step. 1,610 km of the 2,843 km total sanctioned length for DFCs have just been finished. The development of such projects would be accelerated by a greater capex allocation, which would hasten the removal of logistical constraints.