E-Way bill will be of benefit to organised sector: TCI Express

In an effort to bring uniformity across the states for seamless inter-state movement of goods, the goods and services tax (GST) Council decided on early implementation of e-way bill for inter-state movement of items from February 1 and uniform mandatory compliance from June 1st next year.

In an interview with CNBC-TV18, Chander Agarwal, MD of TCI Express spoke about the latest happenings in his company and sector.

E-Way bill will be of benefit to organised sector, he said.

It will slowly weed out the unorganised segment which is a major revenue loss factor for the government, he added.

If the unorganised players cannot keep up with any of these GST changes or the e-way bill then the customers would get affected and they would want organised players like us to come in and provide them the services, said Agarwal.

Biggest client is the automobile component sector, he further mentioned.

Our revenue growth would be around 18-20 percent and margin growth would be around close to 40 percent for this fiscal year, he said.

For full interview, watch accompanying video...