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FICCI National Logistics Committee
Exciting Updates from the FICCI National Logistics Committee’s 1st Meeting of 2024! 
The FICCI National Logistics Committee recently convened for its first meeting of 2024 under the leadership of Rizwan Soomar sir and convened by Neerja Singh madam , and it was nothing short of enlightening.
Here’s a glimpse into the key highlights and discussions:
PM Gati Shakti Summit Success:
We celebrated the resounding success of the PM Gati Shakti summit organized by FICCI, emphasizing the pivotal role it plays in propelling India’s logistics sector forward.
Interim Budget Discussions:
Analyzed the implications of the interim budget and its allocation of Rs 11.1 trillion / $134 billion towards infrastructure development in India, underscoring its potential to drive growth and innovation.
Renewable Energy and Cement Sector Focus:
Noted the increased focus on the renewable energy and cement sectors within the budget, signaling opportunities for synergy and sustainable development in logistics.
Insights from “Trade in Transit” Report:
Shared valuable insights gleaned from the “Trade in Transit” report by DP World and The Economist, shedding light on emerging trends and opportunities in global trade.
Evolution of JIT to JIC:
Discussed the evolution from “Just in Time” to “Just in Case” logistics strategies, emphasizing the importance of adaptability and preparedness in an ever-changing landscape.
Concerns Regarding PPP Dispute Resolution:
Addressed concerns surrounding PPP (Public-Private Partnership Dispute Resolution.
Increase in Inventory Weeks:
Noted an increase in the average weeks of inventory from 8.9 weeks to 10.2 weeks, prompting discussions on inventory management strategies and efficiency improvements.
Exciting times lie ahead for the logistics sector in India, and the FICCI National Logistics Committee stands poised to drive innovation, collaboration, and sustainable growth.
#ficci#Innovation#Sustainability#Collaboration#arunpandit#hyphenscs#logisticscommittee#supplychain#arunpandit
