Modi Cabinet approves transport authority and SME support measures

The Modi government has approved the establishment of an Integrated Transport and Logistics Authority (ITLA), marking a major step toward streamlining India's transport and supply chain operations. The new authority is expected to coordinate various modes of transportation and create a more efficient logistics ecosystem across the country.

The second initiative focuses on providing targeted support to small and medium enterprises (SMEs), a key segment of India's economy. The measure aims to boost productivity, competitiveness, and growth prospects for these businesses through enhanced policy interventions.

Both proposals were approved during Tuesday's cabinet meeting and reflect the government's emphasis on infrastructure modernization and micro-enterprise development. The establishment of ITLA is seen as part of broader efforts to integrate India's fragmented transport sector and reduce logistics costs for businesses.

The SME support initiative aligns with the administration's stated objective to strengthen the backbone of India's economy. Officials believe the combined measures will create positive spillover effects across manufacturing, trade, and employment sectors.