Rizwan Soomar, CEO and MD of North Africa and India Subcontinent said that India’s Union Budget 2025 will significantly enhance ease of doing business, workforce skilling and manufacturing competitiveness with its continued focus on development of maritime infrastructure, domestic air connectivity, dedicated rail freight corridors (DFCs) and large-scale port modernization. The government’s commitment to inland water transport through the tonnage tax scheme will provide a more sustainable and cost-effective way of cargo movement.
The Bharat Trade Net aimed at simplifying trade documentation and will help optimize supply chains through data-driven decision-making. The INR 25,000 crore Maritime Development Fund will enhance financial stability and competitiveness for Indigenous shipbuilding and other infrastructure projects encouraging private investments. The extension of Basic Customs Duty (BCD) exemption for raw materials in shipbuilding and shipbreaking is a significant step, reducing dependency on imports.
Streamlining export compliance procedures and customs duty reforms indicate a continued commitment to reducing manufacturing costs, making Indian industries more competitive. Targeted sectoral initiatives under the National Manufacturing Mission underscore the government’s ambition to create a resilient domestic production ecosystem. These measures will not only boost exports but also generate employment opportunities.
The decision to share PM Gati Shakti data with private companies is a welcome move that will drive investment and efficiency in infrastructure development. Access to comprehensive project data will enable better planning and execution, fostering growth across sectors.
About DP World
DP World is a global leader in logistics, ports, and supply chain solutions, with operations across 78 countries and a workforce of over 114,000 employees. The company is committed to transforming trade by integrating cutting-edge technology with global infrastructure. Through its Ports and Terminals, Marine Services, Logistics, and Technology divisions, DP World is redefining intermodal transportation and shaping the future of global trade.
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