Mr. Shouvik Mandal, CEO of Apeejay Real Estate and Apeejay Logistics, graced the session on “Improving Supply Chain Efficiencies and Reducing Logistics Costs.” He emphasized Interest Rate reversal – a financial strategy to reduce costs for large Infrastructure & Logistics Projects. It highlights the fact that subdued revenue growth and a year-on-year increase in interest costs used to suppress profitability in projects. Therefore, trimming debt to reduce the interest burden is imperative by tapping the equity markets during buoyant times.
Mr. Mandal also shared his thoughts on the growing importance and need for Government intervention to corroborate industrial policies emphasizing the growth of investment in new projects or the expansion of existing ones, mitigating issues related to dealing with red tape. His vision of collaboration and shared growth in the logistics sector, with mutually beneficial strategies to deal with competition rather than fierce competition, earned kudos from his peers and leaders in the sector.
