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 Transport

01 Jun 2026

MMRDA advances 250 m on Orange Gate–Marine Drive tunnel

The Mumbai Metropolitan Region Development Authority (MMRDA) has completed 250 m of underground tunnelling for the Orange Gate–Marine Drive Urban Road Tunnel using India’s largest slurry shield tunnel boring machine (TBM) deployed for an urban road project.The project involves twin tunnels extending over 7 km beneath critical transport corridors, including Central Railway, Western Railway and Metro Line 3. The work requires high-precision engineering to navigate densely developed urban infrastructure.Once completed, the tunnel is expected to reduce travel time between Orange Gate and Marin..

Infrastructure Urban

01 Jun 2026

Hindustan Zinc Pays Rs 188.46 Billion in FY26

Hindustan Zinc contributed Rs 188.46 billion to the public exchequer in FY 2025-26, according to its 9th Tax Transparency Report. The contribution, equivalent to 46 per cent of the company’s revenue, included direct and indirect taxes, government royalties, dividends to the Government of India, withholding taxes and other statutory levies.The company’s five-year cumulative contribution to the exchequer stood at Rs 915.72 billion. In FY26, Hindustan Zinc reported revenue of Rs 408.44 billion, EBITDA of Rs 221.62 billion and profit after tax of Rs 138.32 billion. It also achieved its highest..

Infrastructure Urban

01 Jun 2026

World of Concrete India 2026 Opens in Mumbai

Informa Markets in India will host the 12th edition of World of Concrete India 2026 from 3–5 June 2026 at the Bombay Exhibition Centre, Mumbai. The specialised B2B exhibition will bring together manufacturers, suppliers, contractors, developers, architects, consultants, infrastructure companies, project leaders and government stakeholders.The event is expected to feature over 350 brands and more than 18,000 trade professionals. It will cover concrete and cement, dry mortar, precast technologies, formwork, construction chemicals, industrial and commercial flooring, scaffolding, safety solutio..