+
Logistics Costs Will Come Down To 9 per cent in 2-3 Years,
ECONOMY & POLICY

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

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

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

Related Stories

Gold Stories

Next Story
Infrastructure Urban

NABARD Holds Seminar on Vigilance, Integrity and Good Governance

National Bank for Agriculture and Rural Development (NABARD) organised a seminar on “Vigilance: Strengthening Integrity and Good Governance” on 25 August 2026 at its Head Office in Mumbai as part of the ongoing Vigilance Awareness Campaign 2026 being observed from 17 August to 16 November 2026, with the theme “Probity for Prosperity."" The seminar was graced by Suresh N Patel, Former Central Vigilance Commissioner, Government of India, as the chief guest and keynote speaker.  The programme was attended by G S Rawat, Deputy Managing Director, Dr Ajay K Sood, Deputy Managing Dire..

Next Story
Equipment

XCMG Unveils World's First 14,000-Ton Ring Crane for Heavy Lifting

XCMG has announced that the first main unit of the world's first 14,000-ton ring crane has rolled off the production line, marking a historic breakthrough in ultra-heavy lifting technology. Jointly developed by XCMG and Sinopec Heavy Lifting & Transportation Co., Ltd., the crane will be the largest-capacity ring crane ever built, setting a new benchmark for major construction projects worldwide.The crane features a modular configuration comprising two main units that work in tandem. The first main unit has completed final assembly and can independently perform lifting operations. Once both..

Next Story
Infrastructure Urban

Thriveni Logistics orders 200 tip trailers from Jagdamba trailers

Jagdamba Trailers (JTPL), one of India’s growing trailer manufacturers, has secured a significant order for 200 Tip Trailers from Thriveni Transport and Logistics Pvt. Ltd., a leading mining and logistics company serving operations across India and overseas.The order, placed for iron ore transportation, is a major milestone for JTPL, particularly as the company secured the business after competing with more than 10 established trailer manufacturers. It also strengthens an already successful relationship between the two companies. Approximately one and a half years ago, Thriveni Transport and..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code