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This is how GST will make Nagpur a logistics hub of India


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Nagpur known as city of oranges situated at 'zero mile' it makes transportation of produce and goods easier than any other city.
Soon Nagpur will entirely change India's transportation system as India get ready for a national indirect tax rule named as GST Good and Service Tax. It has already announced that GST is applying 'One Nation One Tax' system from July 1 2017.
Nagpur is crowded city has population of 2.4 million people. Nagpur stays at crossways of country's major, busy road highways and rail mid point that divides India into west to east and north to south passages, according to Bloomberg report.
The Nagpur city is well known for its tiger sanctuaries, huge forest reserves and high summer temperature of 48 degree C. Recently Nagpur has observed a barrage of investments from warehouse companies and venders.
Bloomberg report says that big companies in India's distribution industries like Mahindra Logistics, Transport Corporation of India and Container Corporation of India have started setting up warehouse in Nagpur.
Some foreign logistics companies also showed interest in establishing store rooms in Nagpur. Us headquartered Deere & Co is one of them who evinced that it will set up a warehouse in Nagpur.
Manoj muti, a supervisor at a warehouse in Nagpur that stores produce of Patanjali Ayurved says that "The change has stared". Patanjali Ayurveda authorized by Baba Ramdev Yoga Guru is India's fastest rising consumer goods and produce industry that makes products based on old medical cure process. According to an estimate by Crisil, Mumbai-based unit of S&P Global Inc, GST won't resolve structural issues of countrys transport system. It can trim logistics charges of companies producing non-bulk produce by as much as 20%.
Source:-http://www.deccanchronicle.com


'Nagpur can be national hub of imported cargo post GST'


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Nagpur : Riding on the Goods and Services Tax (GST) regime, Gurgaon-based Distribution Logistics Infrastructure Private Limited (DLI), which has the first private inland container depot in the region, also plans to set up bonded warehouses for imported goods near Nagpur.
The GST regime Nagpur can emerge as a national hub for imported cargo in the short run. Goods brought into the country can be stored in bonded warehouses and eventually distributed to various destinations. In a bonded warehouse, the customs duty can be paid as and when the goods are removed. For an importer, Nagpur can be an ideal location to cover the entire country.
Source :- http://timesofindia.indiatimes.com


GST rollout may turn Nagpur into India's warehouse


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Nagpur, which is at the centre of the country, has seen a groundswell of investment from retailers and warehouse companies. Toronto/Mumbai: The city known as zero mile in India is finally in the right place at the right time.
Nagpur is in the dead centre of the country, at the crossroads of busy road and rail corridors that bisect India east to west and north to south. Now, India is on the cusp of a sweeping tax overhaul that could turn the city of 2.4 million people into one of the nation's biggest logistics hubs.
Known for its oranges, tiger sanctuaries and 45-degree Celsius (108 Fahrenheit) summer heat, Nagpur has seen a groundswell of investment from retailers and warehouse companies betting that the debut of Prime Minister Narendra Modi's national goods and services tax (GST) on 1 July will transform the city's fortunes.
Source :- http://www.livemint.com


Nagpur to turn into India's biggest warehousing hub


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Nagpur, which is termed as India's Zero Mile due to its central positioning, is soon going to be the country's largest logistics hub. Known for its oranges, tiger reserves and scorching heat, Nagpur has been witnessing an increase in investment from retailers and warehousing companies. A supervisor at a warehouse in Nagpur, who's been storing goods for Patanjali Ayurved Ltd. feels that the 'revolution' has started.
India's largest shipping companies such as Container Corp. of India Ltd., Mahindra Logistics Ltd. and Transport Corp. along with US based company Deere & Co. plan to set up facilities in the orange city soon. It has been said that Prime Minister Narendra Modi's implementation of GST (Goods and Services Tax) on July 1 would spin-doctor the city's fortunes. GST would replace provincial levies and convert India's 29 states into a single market, which would make warehousing in Nagpur beneficial.
Road, transport, shipping and highways minister Nitin Gadkari said, GST would increase our economic growth by eliminating shipping delays across various state borders and by reducing corruption. We would no longer need to control borders. Goods would be transported from one state to another without interruption.
Source :- http://nationnext.in