GST positive for port logistics, paints, adhesive firms: ICRA
The Dollar Business Bureau The introduction of the goods and services tax (GST) is a critical and long-awaited tax reform, which intends to simplify and rationalise India's indirect tax regime. There is some uncertainty as to whether the GST can be implemented on a pan-India basis from April 1, 2017. Several key variables are yet to be finalised, which are likely to affect the impact of the GST on ease of doing business. According to ICRA’s Senior Vice President and co-head of Corporate Sector ratings, K Ravichandran, implementation of GST will be positive for some of the port logistics players such as CONCOR, Gateway Distriparks and All cargo Logistics as GST will lead to a realignment of warehousing and supply chain requirements ...
'Abolition of road permits, entry taxes can ensure the agility in distribution system'
Interview by Sisir Pradhan | The Dollar Business The Dollar Business (TDB): Give a brief outline about your logistics, especially warehousing capabilities in India and other parts of the world Shrichand Chimnani (SC): DB Schenker is one of the leading global 3PL (third-party logistics) logistics service providers. We offer seamless end-to-end supply chain solutions to regional and global customers through our hubs across the globe. In India, we have our presence in 36 locations with 61 facilities including strategically located 30 Schenker Logistics Centers (SLCs) with more than 1,300 workforce dedicated to support the customer-specific requirements. TDB: How critical role a warehouse can play in the entire logistics value chain for a freight forwarding company as well as its clients? ...
