India’s Logistics cost to come down by 9 per cent

19 Dec 2022 CW Team

India's logistics costs, which are currently 16 per cent of the country's GDP, will be reduced to 9 per cent by the end of 2024, thanks to the country's expanding infrastructure, said Union Minister Nitin Gadkari. Addressing the annual convention and 95th AGM of FICCI, the minister promised that the country's logistics costs, which are currently 16 per cent of GDP, will fall to single digits, eventually reaching 9 per cent of GDP by the end of 2024. "It will help us get more exports," Gadkari said, adding that the time has come to expand our business and presence in the international market. He went on to say that by the end of 2024, India's road infrastructure would be up to American standards.

Gadkari added that India is on the path to creating an inclusive Bharat by following Prime Minister Narendra Modi's vision of increasing investment, economic growth, and job creation in order to achieve sustainable development. However, he stated that there is a need for cooperation, coordination, and communication among all stakeholders. Gadkari also mentioned battery chemistry research, saying that India should be a leader in the field. He went on to say that the government wants to double the automobile industry to Rs.15 trillion. This will create new jobs and position India as one of the world's largest automobile manufacturers.

Also read:
Puducherry to get facelift under Swadesh Darshan Scheme
NTPC hopes to commission Telangana STTP by fiscal year-end

Infrastructure Urban

07 Nov 2025

Welspun Enterprises Wins 910 MLD Panjrapur WTP Contract

Welspun Enterprises (WEL), the infrastructure and energy arm of Welspun World, has secured a major contract from the Brihanmumbai Municipal Corporation (BMC) to design, build and operate a 910 million litres per day (MLD) Water Treatment Plant (WTP) at Panjrapur, Maharashtra.Valued at approximately Rs 31.45 billion, the project encompasses end-to-end civil, mechanical, electrical and instrumentation works, including the construction of a treated water sump and pumping station. Of the total value, nearly Rs 11.56 billion is allocated to Operations & Maintenance (O&M), with an additional..

Mitsubishi Power Wins Boiler Upgrade Contract for O Mon 1 Plant

Mitsubishi Power, a power solutions brand of Mitsubishi Heavy Industries, (MHI), has been awarded a contract to support the oil-to-natural-gas fuel conversion at the O Mon 1 Thermal Power Plant in Can Tho, southern Vietnam. As the OEM of the plant’s existing boiler, Mitsubishi Power will supply key equipment—including new gas burners—and implement a selective catalytic reduction (SCR) system to reduce NOx emissions and help the plant meet stricter environmental standards.The O Mon 1 facility includes two 330 MW units that commenced operations in 2009 and 2015, with all major equipment or..

Liebherr’s 10,000th XPower Wheel Loader Joins BERGER’s Fleet

BERGER Rohstoffe GmbH has welcomed the 10,000th Liebherr XPower wheel loader to its operations at the Schlag granite quarry in Passau. The milestone machine, officially handed over at Liebherr’s Bischofshofen plant in May 2025, underscores the long-standing partnership between BERGER, Liebherr, and the Beutlhauser Group. Equipped with Liebherr’s signature power-split travel drive, the new L 580 XPower is already delivering strong results under demanding quarry conditions.At the Schlag quarry, BERGER Rohstoffe processes approximately 200,000 tonnes of Bayerwald granite annually into high-qu..