The logistics sector generates mass employment and is a key revenue earner for the government. In order to improve the competencies of the logistics sector, the Goods and Services Tax (GST) should be implemented without further delay, which could result in potential savings of around $200 billion and lead to streamlining of the taxation structure and reduce inventory maintenance costs.

Land transportation was a cash-driven sector as it is a very fragmented and unorganised sector. Transition to a ´plastic economy´ would obviously remove hidden costs. This is a cultural change.

The warehousing sector has seen minimal growth in India during the past decade or so. However, the last four-five years have been eventful for the sector which has witnessed a tremendous surge in business activities and foreign investments.

India, due to its long coastline, is richly endowed with natural maritime advantages. The countrys 7,500 km coastline covers 13 states and Union Territories. A number of ports along the long coastline lie along key international trade routes. There is huge potential even for inland water transport.

I am looking forward to a number of reforms. There has to be a very clear map for GST and the government needs to ensure that the ´Make in India´ initiative is successful and facilitate the ease of doing business in India.