Quote on Budget reaction_BVC Logistics

The government’s deep focus on tech-driven change is admirable.

Gati Shakti network impetus with about 100 cargo terminals & 4 new National Logistics Parks will help boost Industrial growth and Atmanirbhar Bharat. The battery-swapping policy with interoperability is a welcome introduction toward sustainability.

Expansion of SEZ’s advantages to existing infra through new legislation is promising for the G&J sector. Alongside, the Customs National Portal with a promise to facilitate customs clearance digitally will reduce the transaction costs in jewellery exports by over 20%. The reduction in polished diamond import duty is deeply appreciated.

Overall, the budget 2022 is very positive and we look forward to quick execution of the digital initiatives.