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GST: A New Road For Transportation And Logistics Industry In India
India is all set to usher in a game-changing tax reform—the goods and services tax (GST). Apart from creating a unified market across India, GST will help make India’s manufacturing competitive by cutting high logistics and warehousing costs.
The regulatory reforms proposed in the GST presents a golden opportunity to revisit, rationalize and re-engineer transportation and logistics networks, given the inherent inefficiencies with taxes based on the crossing of administrative boundaries or border checkpoints. Taxation at a national level, rather than by each state, will result in more efficient cross-state transportation, streamlining paperwork for road transporters and bringing down logistics costs.
What is the Future of Truckload Transportation?
There’s been a common thread in my conversations with shippers over the past few years: their desire to take freight off the truckload grid — i.e., minimize the number of one-way truck shipments they make. This desire is driven by a number of factors, including:
10 Key Logistics & Procurement Practices to Know and Master to Reduce Spend
Getting the raw materials needed to maintain production is one of the most important parts of the whole supply chain. If raw materials are unavailable, all subsequent processes are affected, which may result in increased costs to consumers and the respective companies as well. However, following these 10 practices can help you learn how to reduce spend in the procurement supply chain.
Make in India - A win-win situation! (Infrastructure and transport sector in India)
The Indian infrastructure and transport sector has been improving successively over the years. The Golden Quadrilateral is a highway network connecting many of the major industrial, agricultural and cultural centres of India. A quadrilateral of sorts is formed by connecting Chennai, Kolkata, Delhi and Mumbai. Other metropolises also connected by the network are Ahmedabad, Bengaluru, Bhubaneswar, Jaipur, Kanpur, Pune, Surat, Guntur, Vijayawada, and Visakhapatnam. But there are a number of challenges