Nitin Gadkari, the union minister for Road Transport and Highways said on Tuesday that the need to reduce the costs of logistics has become extremely crucial now. He also noted that the current cost is around 14-16 percent right now and there is a need to bring it down to 10 percent which can only be done with ‘cooperation, coordination, and communication’ among the stakeholders.

‘Climate Goals: Technological Roadmap to Net Zero’ was an industrial event where while addressing, Nitin Gadkari said that reducing the logistics costs can help the industry to save more. With the help of these savings, 50 percent of the increase can be gained in exports, which play an important role in the economy of the nation. While discussing pollution, the union minister noted that the authorities are importing fossil fuels worth Rs 16 lakh crore, which is resulting in a lot of pollution.

According to Gadkari, the decision has been made to build 27 green express highways to shorten travel times. By the end of December, these new highways will be in place, making it possible to travel from Delhi to Chandigarh in two and a half hours, from Delhi to Amritsar in four hours, from Delhi to Katra in six hours, from Delhi to Srinagar in eight hours, from Delhi to Mumbai in twelve hours, from Delhi to Jaipur in two hours, and from Chennai to Bangalore in two hours as well.

logistics cost reduction

The Prime Minister’s goal of making India a $5 trillion economy, technology, innovation, and research is crucial.

The Minister stated that in order to realize the Prime Minister’s goal of making India a $5 trillion economy, technology, innovation, and research is crucial. Speaking at AIMA’s 49th National Management Convention under the theme “Advantage India: Thriving in the New World Order,” Gadkari emphasized the importance of promoting public transportation as the center and states collaborate. Speaking at AIMA’s 49th National Management Convention under the theme “Advantage India: Thriving in the New World Order,” Gadkari emphasized the importance of promoting public transportation as the center and states collaborate.

According to him, India has a sizable domestic market, skilled workers, a young, talented engineering staff, and inexpensive labour costs. He emphasized the use of alternative fuels such as bioethanol, LNG, and bio CNG as well as the diversification of agriculture into the energy and electricity sectors. The Minister cited the four pillars of society as ethics, economy, ecology, and environment.

According to sources, the Union Cabinet approved the National Logistics Policy on Wednesday. The strategy, which was introduced last week by Prime Minister Narendra Modi, aims to reduce transportation costs by encouraging the seamless movement of commodities throughout the nation.

The Prime Minister had stated that “from 13–14% (of the GDP), we should all seek to bring the logistics cost to single-digit as soon as possible.” when introducing the strategy.

A unified logistics interface platform (ULIP) will be developed as part of the policy to assist various government and private agencies; shippers; and service providers in enabling information exchange on a real-time basis in a confidential manner, according to an e-book from the department for the promotion of industry and internal trade (DPIIT).

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