Union Budget 2025 : Wishlist by Amit Maheshwari, CEO, Softlink Global
MUMBAI : India is approaching Union Budget 2025. Here is the Wishlist by Mr. Amit Maheshwari, CEO, Softlink Global.
1. Boost to Technology and Digital Transformation
- Increased budget allocation for digital infrastructure in logistics and supply chain technology
- Incentives for developing homegrown software solutions to enhance India’s position as a global technology leader
- Support for startups focused on solving real-world problems in logistics
2. Logistics Infrastructure Development
- Allocation of funds for multimodal logistics parks under the PM Gati Shakti scheme
- Simplification of clearances for warehouse construction and operations
- Investment in last-mile connectivity, especially in Tier 2 and Tier 3 cities
3. Ease of Doing Business
- Streamlining regulatory processes and compliance for MSMEs in the logistics sector
- Reduction in corporate tax rates for technology-driven businesses
- Strengthening single-window clearance mechanisms for faster approvals
4. Focus on Sustainability
- Subsidies or tax benefits for companies adopting green logistics solutions such as EV fleets and renewable energy-powered warehouses
- Financial support for R&D in sustainable packaging and carbon-neutral supply chain practices
5. Taxation and Customs Reforms
- Simplification of GST filing processes and rationalization of GST rates for logistics services
- Fast-tracking customs clearances and reducing documentation requirements through technology
6. Skill Development Initiatives
- Government partnerships with private players for skilling programs focused on logistics and supply chain management
- Incentives for companies investing in upskilling their workforce to prepare for Industry 4.0
7. Focus on SMEs in Logistics
- Special credit support for SMEs to upgrade technology and infrastructure
- Lower interest rates on loans to support SMEs’ working capital needs
8. Incentives for Export Growth
- Support for freight forwarders and exporters in securing affordable international shipping rates
- Greater focus on reducing trade barriers to promote exports
9. Policy Support for the Freight Sector
- Incentives to encourage digitization among freight forwarders and logistics service providers
- Reforms to attract foreign investments in the logistics and freight technology sector
10. Support for Generative Tech in Logistics
- Creation of a dedicated fund for AI-driven solutions in logistics, focusing on automating documentation, enhancing customer support, and improving cost estimation
“The Indian Budget 2025 has the potential to accelerate India’s logistics transformation and make the country a global leader in supply chain innovation. As the logistics industry continues to be the backbone of India’s economy, this wishlist aims to ensure sustained growth, global competitiveness, and long-term value creation for all stakeholders” emphasised Mr. Amit Maheshwari, CEO, Softlink Global.