Im­prove­ment in lo­gis­tics to boost ex­ports

Higher lo­gis­tics cost in In­dia is one of the big­gest im­ped­i­ments in ex­port growth and coun­try’s eco­nomic de­vel­op­ment and ef­forts are on to re­duce it, says Nitin Gad­kari, Min­is­ter of Road Trans­port and High­ways.

Cargo Talk - - Government -

Re­duc­ing lo­gis­tics costs can boost ex­ports 1.5 times in the coun­try be­sides lead­ing to faster eco­nomic de­vel­op­ment,” said Nitin Gad­kari, Road Trans­port and High­ways Min­is­ter, GoI, ad­dress­ing the sec­ond Smart Trans­porta­tion In­fra Sum­mit & Expo or­gan­ised by the PHD Cham­ber of Com­merce and In­dus­try. The cur­rent lo­gis­tics cost in the coun­try is as high as 18 per cent which is much higher than China, Europe and if re­duced to the level of 10 per cent, the eco­nomic growth will be pro­pelled. Asssert­ing the need and for aug­ment­ing in­fra­struc­ture, he said that the gov­ern­ment is in the process of de­vel­op­ing it and smart solutions like wa­ter­ways are also there which would be cost ef­fec­tive and pol­lu­tion free. He also said that the gov­ern­ment is con­tem­plat­ing to re­duce import duty on used cook­ing oil to be used in biodiesel. “We have re­quested com­merce min­istry to re­duce import duty on cook­ing oil,” he added. He em­pha­sised the use of wa­ter trans­port, elec­tric trans­port, bio CNG, ethanol, bio diesel and petrol in or­der of pri­or­ity for smart trans­porta­tion.

The use of wa­ter trans­port, elec­tric trans­port, bio CNG, ethanol, bio diesel and petrol in or­der of pri­or­ity for smart trans­porta­tion

Nitin Gad­kari Min­is­ter of Road Trans­port and High­ways Gov­ern­ment of In­dia

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