Budget Boost for Warehousing
WAREHOUSING & LOGISTICS

Budget Boost for Warehousing

The recent budget announcement includes incentives aimed at boosting the warehousing and logistics sectors, particularly through measures supporting electric vehicle (EV) adoption. This strategic move is expected to drive growth in the warehousing industry while simultaneously creating a robust ecosystem for electric vehicles.

By providing incentives for EV adoption, the budget seeks to encourage the transition towards sustainable transportation solutions within the logistics sector. This initiative aligns with broader efforts to promote eco-friendly practices and reduce carbon emissions, contributing to India's environmental sustainability goals.

The budget's focus on incentivising EVs is poised to have a transformative impact on the warehousing and logistics sectors. It is anticipated to enhance operational efficiency, reduce dependency on traditional fuel sources, and drive innovation in last-mile delivery solutions, ultimately fostering growth and competitiveness within these industries.

Stakeholders in the warehousing and logistics sectors welcome the budgetary push towards EV adoption, recognising its potential to revolutionise transportation practices and unlock new opportunities for business expansion. The incentives provided are expected to accelerate the adoption of electric vehicles and drive investment in related infrastructure and technology.

As the government prioritises the development of sustainable transportation solutions, it underscores its commitment to fostering growth and innovation in key sectors such as warehousing and logistics. The budget's initiatives aim to create a conducive environment for the adoption of EVs, thereby propelling India towards a greener and more efficient logistics ecosystem.

The recent budget announcement includes incentives aimed at boosting the warehousing and logistics sectors, particularly through measures supporting electric vehicle (EV) adoption. This strategic move is expected to drive growth in the warehousing industry while simultaneously creating a robust ecosystem for electric vehicles. By providing incentives for EV adoption, the budget seeks to encourage the transition towards sustainable transportation solutions within the logistics sector. This initiative aligns with broader efforts to promote eco-friendly practices and reduce carbon emissions, contributing to India's environmental sustainability goals. The budget's focus on incentivising EVs is poised to have a transformative impact on the warehousing and logistics sectors. It is anticipated to enhance operational efficiency, reduce dependency on traditional fuel sources, and drive innovation in last-mile delivery solutions, ultimately fostering growth and competitiveness within these industries. Stakeholders in the warehousing and logistics sectors welcome the budgetary push towards EV adoption, recognising its potential to revolutionise transportation practices and unlock new opportunities for business expansion. The incentives provided are expected to accelerate the adoption of electric vehicles and drive investment in related infrastructure and technology. As the government prioritises the development of sustainable transportation solutions, it underscores its commitment to fostering growth and innovation in key sectors such as warehousing and logistics. The budget's initiatives aim to create a conducive environment for the adoption of EVs, thereby propelling India towards a greener and more efficient logistics ecosystem.

Next Story
Infrastructure Energy

Digital Economy, Renewable Energy to Boost Job Creation: Economic Survey

The Economic Survey 2024-25, presented by Union Finance Minister Nirmala Sitharaman, indicates substantial improvement in India’s labour market, driven by strong post-pandemic recovery and formalisation of the workforce. Key findings include a significant drop in the unemployment rate from 6 per cent in 2017-18 to 3.2 per cent in 2023-24. Additionally, there has been notable growth in female labour force participation, which increased from 23.3 per cent in 2017-18 to 41.7 per cent in 2023-24.Other highlights include:Over 30.51 crore unorganised workers registered on the eShram portal, suppor..

Next Story
Real Estate

Aditya Birla Housing Finance Secures Rs 8.3 Billion from IFC

Aditya Birla Housing Finance Ltd. (ABHFL), a subsidiary of Aditya Birla Capital, has raised Rs 8.3 billion through non-convertible debentures (NCDs) from the International Finance Corporation (IFC). The company stated that the funds will be used to provide housing loans to low- and middle-income groups (LIG and MIG), with a special focus on promoting homeownership among women. Additionally, a portion of the investment will support MSMEs, particularly women-led enterprises, to drive economic growth. The initiative aims to strengthen financial inclusion and uplift underserved communities in the ..

Next Story
Infrastructure Energy

Bihar to Bid Out 2,400 MW Power Plant by March

The Bihar government plans to auction the proposed 2,400 MW coal-based power plant at Pirpainti by March 2025. Part of the state's FY25 budget initiatives, the project is valued at Rs 214 billion, covering multiple power sector developments. Coal for the plant is expected to come from Eastern Coalfields, with fuel and location already determined to streamline the bidding process. Discussions are underway to finalise coal supply under the SHAKTI scheme, with a resolution expected by February. The Central government has also pledged support for fast-tracking environmental clearances to facilit..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000