The focus in India is now not only on the ease-of-doing-business, but also on the cost-of-doing-business, with sustainability as a common imperative. Recent changes in the world have further brought India to global attention, not only as a market, but also a destination of choice for global supply chains. The government has correctly focused on infrastructure as the first and primary requirement to enable India to become a part of these value chains. Our domestic market continuing to grow means it is the perfect time for India to be a sourcing hub for the world. Also, it is a unique opportunity to be a regional supply chain and logistics hub. This has become a perfect confluence of positive developments.
The country’s two policy pillars of domestic manufacturing for Atmanirbhar Bharat and green growth rest on an important third pillar of creating ease of movement. This third pillar, therefore, entails creating infrastructure that will bring down the cost of logistics while also increasing transport efficiency in India.
A reduction in the cost of logistics will ensure India becomes more competitive internationally. The incumbent government has with foresight concentrated on infrastructure over the last few years, and particularly so in the last two years, with the launch of the PM Gati Shakti initiative.
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