Regulatory and administrative innovations such as e-paperless GST and e-way bill will help reduce logistics cost furtherâ€.
Sarbananda Sonowal who is the Minister of Ports, Shipping and Waterways, on Friday urged people to come together in realizing the goals set by Prime Minister Narendra Modi for making India the best country in the world. At the zonal conference on Friday on PM Gati Shakti initiative for the western region at Mahatma Mandir in Gandhinagar, Union minister Sarbananda Sonowal said â€œIntegrated transport and multimodal connectivity through projects such as Sagarmala, Bharatmala, and Dedicated Freight Corridors (DFCs) will significantly improve Indiaâ€™s logistical competitivenessâ€.Â
Taking about Gati Shakti Plan Sarbananda Sonowal said that â€œThe recently launched Gati Shakti Master Plan, would revolutionise the next generation of multimodal infrastructure development, improve the competitiveness and reduce Indiaâ€™s logistics cost. He also added â€œGati Shakti initiative aims to bring the logistic cost down from 13 per cent to 7-8 per cent. Increased efficiency in supply chain and logistics will help achieve the target of $5 trillion economy by 2025â€.
Increased efficiency in supply chain and logistics will help achieve the target of $5 trillion economy by 2025â€.
In the going conference Sonawal also pointed out that Sonowal pointed out that inland vessels bill 2021 had been passed by the Lok Sabha, which declares 111 waterways spread over 24 States as national waterways. A dedicated coastal berth at JNPT under Sagarmala is ready for operation which can handle about 2.5 million tonnes of coastal cargo. The berth will facilitate a smooth coastal movement of cargo through a green channel.
Sonawal further said â€œGovernment is also proactively encouraging private sector participation in development and operation of port infrastructure. A statement is also give by Sonawal â€œInvestment in ports touched a high of $ 2.35 billion by 2020. A dispute redressal portal has also been launched in 2020 to build the confidence of investorsâ€. According to a statement issued by CII which is said by Sarbananda Sonawal at the Multi-modal Transportation Summit organised by CII in partnership with Inland Waterways Authority of India is â€œRegulatory and administrative innovations such as e-paperless GST and e-way bill will help reduce logistics cost furtherâ€.
A dispute redressal portal has also been launched in 2020 to build the confidence of investorsâ€.