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

Real Estate

08 Apr 2026

BPTP awards Rs 4.88 billion contract to NCC

BPTP has awarded a construction contract worth Rs 4.88 billion to NCC Limited for its residential project Downtown 66 in Gurugram.The contract covers civil structure and finishing works for a total construction area of approximately 1,79,302 sq m, including residential towers and associated amenities, in line with approved plans and specifications.Located along Golf Course Extension Road, the project forms part of BPTP’s Gurugram portfolio and is designed around modern living, sustainability, connectivity and occupier-centric planning.Commenting on the development, Manik Malik, CEO & Pre..

Blue Cloud Acquires Global Impx To Build AI Energy Platform

Blue Cloud Softech Solutions Limited (BCSSL) said its board has approved an all-share acquisition of 100 per cent of Global Impx Inc. (GIX) as part of a strategic pivot into AI-driven energy and digital infrastructure, subject to execution of definitive agreements and regulatory, corporate and shareholder approvals including a Special Resolution at an Extraordinary General Meeting scheduled for May 04, 2026. The BSE-listed technology conglomerate intends the transaction to accelerate its evolution into a technology enabled infrastructure company operating at the convergence of artificial intel..

Hyatt House Offers Home-Like Stays Across 140 Locations

Hyatt House hotels (Hyatt House) is presented as a brand designed to welcome guests seeking spacious and well equipped living accommodations for short or long term stays. The brand operates at more than 140 locations worldwide and delivers home like amenities and purposeful service. It highlights complimentary home cooked breakfast and a creatively curated menu at H Bar as part of its offering. The offering is positioned to appeal to professionals and families who seek both convenience and a sense of familiarity while travelling. Hyatt House provides contemporary spaces that include indoor and..