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Mahindra Logistics CEO hails govt on granting infra status to logistics sector

 Mr. Pirojshaw Sarkari, CEO, Mahindra Logistics has  given thumbs up to the government proposal on infrastructure status to logistics sector on 21st Nov. The logistics sector is a core industry that deeply influences all economic activities. The cost of logistics is extremely high in India with some estimates putting it at about 13 per cent of GDP, which is higher than the US (9) and Germany (8). Hence, the logistics sector needs  improvement in efficiency, he said. GST is expected to be a major driver for this improvement. Post GST, the warehouse sizes are expected to increase. In order to serve these large capacities, higher tonnage trucks will be required. This would mean new investments.  “We believe that the infrastructure status will reduce the cost of capital in transportation and warehousing, thereby reducing the cost of logistics.At Mahindra Logistics, we look forward to the infrastructure status getting implemented, for the industry to excel in years to come”, he added.

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