International road travel from India to Myanmar or Bangkok, now open

The Union Cabinet has approved the renovation of a 65 km long national highway from Imphal to Moreh near the Myanmar border that can reduce travel time by more than half to 1.45 hours. This INR 1,630 crore project will bolster cross-border security, boost international trade and commerce, improve socio-economic development and generate job opportunities … Continue reading “International road travel from India to Myanmar or Bangkok, now open”

GST is already reducing transit times of trucks across India

Read time: 5 minutes Experts long foresaw the transport and logistics industry as a chief benefactor of the post-GST world. The newly implemented national tax – just two weeks old today – is already reducing truck transit times by 24-36 hours and saving businesses as much as INR 5000-7000 per trip. What looks like an … Continue reading “GST is already reducing transit times of trucks across India”

Indian economy saves USD 1.5 billion as border check posts are abolished

Image by: Business Line After the pan-India GST roll out on 1 July, 22 out of 30 states abolished state border check posts leading to direct annual economic savings of about USD 1.5 billion. Check post removals relieve truckers of daily multi-hour long queues required to verify consignments and paperwork. The wait times severely compounded … Continue reading “Indian economy saves USD 1.5 billion as border check posts are abolished”

GST a positive impact on the warehousing sector in India

GST, a revolutionary tax reform that unifies India’s USD 2 trillion economy into a common market with its simple and unified approach aims to immensely benefit the warehousing sector in India. It promises to reduce the number of warehouses, convert disorganised warehouses into smart storage models, improve inventory control and demand forecasting, provide enhanced technological … Continue reading “GST a positive impact on the warehousing sector in India”

3 ways GST will dramatically simplify logistics in India

India’s recent tax reforms introduced a transformative Goods and Services Tax. According to Deloitte, India will join 160 countries around the world that have instituted a nationwide value-added tax.   What is the GST? “Even if it retains a few flaws, the GST will be far simpler than the thicket of taxes, surcharges and cesses … Continue reading “3 ways GST will dramatically simplify logistics in India”