Mumbai

The interim budget 2024's announcement to implement three major economic railway corridor programmes - for "energy, mineral and cement corridors", "port connectivity corridors", and "high traffic density corridors - is expected to fortify India's logistics infrastructure. "The proposed economic railway corridors align seamlessly with our expectations, offering a promising avenue for heightened efficiency, cost reduction, and optimisation in logistics. This in turn will help reduce costs to customers, giving an impetus to businesses. The emphasis on dedicated freight corridors is particularly noteworthy, presenting a potential game-changer for the supply chain sector. As Apollo Supply Chain expands into the Direct-to-Consumer (D2C) segment, the implementation of these corridors is poised to significantly reduce turnaround times and streamline deliveries, with a keen eye on road infrastructure development," stated Akshat Pushp, Chief Business Officer, Apollo Supply Chain.

Furthermore, the government's emphasis on green energy, exemplified by the promotion of electric vehicles infrastructure, resonates deeply with Apollo Supply Chain's sustainability commitment. He said, "This will help us introduce environment friendly trucking solutions, making the supply chain ecosystem greener.  As part of our sustainability efforts, we are prepared to integrate solar rooftops into our warehouses, aligning with the broader green energy initiative."

The India-Middle East-Europe Economic Corridor is a strategic game-changer aligning seamlessly with the company's focus on cross-border commerce. This development will facilitate SME exports and significantly contribute to its vision for a globally connected supply chain.

 

"We recognise the increased investment in infrastructure as a catalyst for modern development and cost reduction. We look forward for the crucial issue of asset life versus bank terms creating a cash flow gap that impedes growth. The government must address this challenge and provide effective solutions to bridge the gap, ensuring sustained growth and operational viability for companies in the logistics sector. These measures, coupled with the strategic initiatives outlined in the budget, align with our forward-looking approach and contribute significantly to realising the overarching vision of Viksit Bharat," said Akshat Pushp.