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

Next Story
Real Estate

Della, Hiranandani & Krisala unveil Rs 11 billion themed township in Pune

In a first-of-its-kind initiative, Della Resorts & Adventure has partnered with Hiranandani Communities and Krisala Developers to develop a Rs 11 billion racecourse-themed township in North Hinjewadi, Pune. Based on Della’s proprietary CDDMO™ model, the hospitality-led, design-driven project aims to deliver up to 9 per cent returns—significantly higher than the typical 3 per cent in residential real estate.Spanning 40 acres within a 105-acre master plan, the mega township will feature an 8-acre racecourse and international polo club, 128 private villa plots, 112 resort residences, a ..

Next Story
Real Estate

Hansgrohe unveils LavaPura Element S e-toilets in India

Hansgrohe India has launched its latest innovation, the LavaPura Element S e-toilet series, introducing a new standard in hygiene-focused, smart bathroom solutions tailored for Indian homes and high-end hospitality spaces.Blending German engineering with minimalist aesthetics, the LavaPura Element S combines intuitive features with advanced hygiene technology. The series is designed for easy installation and optimal performance under Indian conditions, reinforcing the brand’s focus on functional elegance and modern convenience.“With evolving consumer preferences, smart bathrooms are no lon..

Next Story
Infrastructure Urban

HCC Net Profit Stands at Rs 2.28 Billion for Q4 FY25

Hindustan Construction Company (HCC) reported a standalone net profit of Rs 2.28 billion in Q4 FY25, a sharp increase from Rs 388 million in Q4 FY24. Standalone revenue for the quarter stood at Rs 13.30 billion, compared to Rs 14.28 billion in Q4 FY24. For the full fiscal year, the company reported a standalone net profit of Rs 849 million, down from Rs 1.79 billion in FY24. Standalone revenue for FY25 was Rs 48.01 billion, compared to Rs 50.43 billion in the previous year.Consolidated revenue for Q4 FY25 stood at Rs 13.74 billion, and for FY25 at Rs 56.03 billion, down from Rs 17.73 billion i..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?