Regulatory reforms are vital to building supply chain

from moneycontrol.com

Acknowledging that the supply chain to rural India is reasonable well organized, he said that it was the development of a supply chain from rural India that was a challenge. He was addressing the session on “No time to wait: Building a Supply Chain in India” on the concluding day of the India Economic Summit 2007, organized by the Confederation of Indian Industry (CII) and the World Economic Forum, here on Tuesday. He also observed that though currently the indirect tax regime was a handicap to the logistics chain in India, modern legislation would ensure the integrated benefits of cost reduction, increased consumption and avoidance of tax evasion. He also said that he perceived a huge opportunity in the development of a cold chain logistics system in India.

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