Logistics Costs Will Come Down To 9 per cent in 2-3 Years,

09 Dec 2024 CW Team

Gadkari also highlighted the importance of exploring hydrogen as a key fuel for the future, emphasizing the role of biomass and biodigester technologies in producing hydrogen and CNG. He added that India was poised to become a global leader in alternative and biofuels within the next decade. The minister mentioned that the total toll revenue in the country is currently Rs 520 billion, with projections indicating it could reach Rs 1.4 lakh trillion within two years. He reassured that there were no funding issues for projects, as every project undertaken is economically viable. With a budget of Rs 2.8 trillion, Gadkari confirmed that he has strong backing from the Finance Ministry, and that infrastructure development, particularly in sectors like water, power, transport, and communication, has been a priority for the Prime Minister. Regarding challenges in projects such as the Worli-Bandra Link, Gadkari stressed the need for innovative strategies and collaborative efforts to ensure timely completion of projects.

The event, themed 'Leadership in Action,' honored leaders who demonstrated conviction, innovation, and purposeful disruption. This year’s India Business Leader Awards recognized visionary leaders for their resilience, foresight, and transformative impact

Minister of Road Transport and Highways Nitin Gadkari stated that the government aims to reduce India's logistics costs to single-digit levels within the next 2-3 years, in an effort to enhance the country's economic competitiveness. Speaking at the CNBC-TV18 India Business Leader Awards in Mumbai, Gadkari mentioned that currently, logistics costs in India stand at 14-16per cent , while in China, it is 8per cent , and in European countries and the USA, it is 12per cent . He explained that the introduction of expressways would significantly reduce travel times, such as cutting the journey from Delhi to Mumbai to 12 hours and from Chennai to Bengaluru to 2 hours. He expressed confidence that, due to these developments, logistics costs in India would decrease to 9per cent within two to three years. Gadkari also highlighted the importance of exploring hydrogen as a key fuel for the future, emphasizing the role of biomass and biodigester technologies in producing hydrogen and CNG. He added that India was poised to become a global leader in alternative and biofuels within the next decade. The minister mentioned that the total toll revenue in the country is currently Rs 520 billion, with projections indicating it could reach Rs 1.4 lakh trillion within two years. He reassured that there were no funding issues for projects, as every project undertaken is economically viable. With a budget of Rs 2.8 trillion, Gadkari confirmed that he has strong backing from the Finance Ministry, and that infrastructure development, particularly in sectors like water, power, transport, and communication, has been a priority for the Prime Minister. Regarding challenges in projects such as the Worli-Bandra Link, Gadkari stressed the need for innovative strategies and collaborative efforts to ensure timely completion of projects. The event, themed 'Leadership in Action,' honored leaders who demonstrated conviction, innovation, and purposeful disruption. This year’s India Business Leader Awards recognized visionary leaders for their resilience, foresight, and transformative impact

Infrastructure Urban

04 May 2026

Jyoti Structures FY26 profit rises 56.5%

Jyoti Structures (JSL) recently reported strong financial results for the quarter and year ended 31 March 2026, driven by disciplined execution, cost management and steady progress across its order book.For Q4 FY2025-26, total income rose 44.2 per cent to Rs 2.41 billion from Rs 1.67 billion in Q4 FY2024-25. EBITDA increased 58.6 per cent to Rs 237 million, while EBITDA margin improved by 89 basis points to 9.84 per cent. Profit before tax grew 53.3 per cent to Rs 188.5 million, and net profit rose 51.9 per cent to Rs 181.4 million.For FY2025-26, total income grew 53.1 per cent to Rs 7.72 bill..

Infrastructure Energy

04 May 2026

Cat BEPU to Power Doppstadt Separator at IFAT 2026

Caterpillar’s Cat Battery Electric Power Unit (BEPU) has been selected by Doppstadt to power its SWS 6 Spiral Shaft Separator, which will be showcased for the first time at IFAT 2026 in Munich, Germany, from 4–7 May.The compact plug-and-play BEPU is designed to replace a diesel engine within the same space, using the same mounting locations and relative machine position. It integrates the battery, motor, inverter, onboard charging, cooling and controls, enabling OEMs to electrify existing chassis platforms without extensive redesign.Caterpillar and Cat dealer Zeppelin Power Systems have be..

Infrastructure Urban

04 May 2026

VECV sales rise 6.9% in April 2026

VE Commercial Vehicles, a joint venture between Volvo Group and Eicher Motors, recorded sales of 7,318 units in April 2026, compared to 6,846 units in April 2025, registering 6.9 per cent growth. The total included 7,159 units under the Eicher brand and 159 units under the Volvo brand.Eicher branded trucks and buses reported sales of 7,159 units during the month, up 6.6 per cent from 6,717 units in April 2025. In the domestic commercial vehicle market, Eicher sales rose 8.6 per cent to 6,797 units from 6,257 units a year earlier.Exports declined 21.3 per cent, with VECV recording 362 units in ..