Interim Budget 2019 Reaction - Mr. Kushal Nahata, CEO & Co-founder, FarEye

"We have to wait and watch how this budget ultimately impacts the country. It was a great move by the Customs authorities to introduce comprehensive digitalisation of export and import transactions. Using RFID to enhance export logistics was a much-needed initiative. This will ensure seamless movement of goods, drastically improve visibility and reduce transportation costs. Digitizing core logistics processes is a key when it comes to building a sustainable supply chain.

Developing 27 kilometres of highways every day is a great feat to achieve. It will surely enable faster long-haul deliveries and will reduce the burden on existing roadways. The aim to digitize one lakh villages and speed up road development in rural areas will go a long way when it comes to driving financial inclusion and expanding and monitoring logistics activities.

Abolishment of duties on 36 capital goods and single point of approval under section 65 of the Customs Act will definitely help manufacturers."

Source : Equity Bulls

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