+
DPIIT to set up task force for formulating logistics cost framework
WAREHOUSING & LOGISTICS

DPIIT to set up task force for formulating logistics cost framework

According to the Commerce and Industry Ministry, a task force will be formed to develop a framework for determining logistics costs in the country. It was decided at a workshop on the subject held on Monday by the Department for Promotion of Industry and Internal Trade (DPIIT).

Representatives from NITI Aayog, the Ministry of Statistics and Programme Implementation (MOSPI), the National Council of Applied Economic Research (NCAER), academic experts, and other stakeholders would serve on the task force.

It "will be established for formulating a logistics cost framework in a time-bound manner," according to the statement.

The logistics cost framework workshop was organized in collaboration with the Asian Development Bank (ADB). Speaking at the workshop, Commerce and Industry Minister Piyush Goyal suggested that when calculating logistics costs, take into account India's geography, terrain, size and complexities, trade volume and value, and so on.

He stated that e-commerce, smarter free trade agreements, adopting international quality standards, good manufacturing practices, capitalizing on a successful startup ecosystem, drone technology, artificial intelligence, and center-state partnerships will all contribute to India's development.

The government is going by certain estimates which suggest that logistics cost in India stands at about 13-14 per cent of the country's GDP. The government has rolled out a national logistics policy and PM Gati Shakti initiative to boost competitiveness of industry and cut logistics cost.

Also Read
Okas introduces second fund to invest in India’s real estate market
Haryana Orbital Rail: RVNL to construct a 5-km tunnel in the Aravallis

According to the Commerce and Industry Ministry, a task force will be formed to develop a framework for determining logistics costs in the country. It was decided at a workshop on the subject held on Monday by the Department for Promotion of Industry and Internal Trade (DPIIT). Representatives from NITI Aayog, the Ministry of Statistics and Programme Implementation (MOSPI), the National Council of Applied Economic Research (NCAER), academic experts, and other stakeholders would serve on the task force. It will be established for formulating a logistics cost framework in a time-bound manner, according to the statement. The logistics cost framework workshop was organized in collaboration with the Asian Development Bank (ADB). Speaking at the workshop, Commerce and Industry Minister Piyush Goyal suggested that when calculating logistics costs, take into account India's geography, terrain, size and complexities, trade volume and value, and so on. He stated that e-commerce, smarter free trade agreements, adopting international quality standards, good manufacturing practices, capitalizing on a successful startup ecosystem, drone technology, artificial intelligence, and center-state partnerships will all contribute to India's development. The government is going by certain estimates which suggest that logistics cost in India stands at about 13-14 per cent of the country's GDP. The government has rolled out a national logistics policy and PM Gati Shakti initiative to boost competitiveness of industry and cut logistics cost. Also Read Okas introduces second fund to invest in India’s real estate market Haryana Orbital Rail: RVNL to construct a 5-km tunnel in the Aravallis

Related Stories

Gold Stories

Next Story
Infrastructure Transport

India To Build 100 New Airports Under UDAN Plan

The Civil Aviation Minister K Rammohan Naidu said that India will build 100 new airports over the next 10 years under the Centre's Regional Connectivity Scheme — Modified UDAN (UDAN) with an outlay of Rs 300 billion (Rs 300 bn). He inaugurated the country's third hub-and-spoke operation from Ahmedabad, intended to link passengers seamlessly to international destinations through domestic hubs. The minister indicated that the initiative forms part of a sustained expansion of air connectivity across the nation. Naidu recalled that there were 74 airports in 2014 and that the network has expanded..

Next Story
Infrastructure Urban

Auto PLI Draws Rs 454.77 Billion Investment Creates Over 67,000 Jobs

Union Minister for Heavy Industries and Steel HD Kumaraswamy said the production-linked incentive scheme for automobiles and auto components had attracted Rs 454.77 billion (Rs 454.77 bn) in investment and generated more than 67,000 jobs as of 30 June 2026. He told the Automotive Component Manufacturers Association of India that the next phase should focus on scale, deeper localisation, innovation and positioning India as a global hub for advanced and green mobility technologies. The minister urged industry to invest in cleaner technologies to help lead the global mobility transition. The gove..

Next Story
Infrastructure Energy

Coal India Production Falls in August as Supplies Rise

Coal India Limited's production declined five point seven per cent year-on-year in August 2026, while coal supplies rose five point five per cent during the month. The company produced 47.5 million tonnes (mn t) of coal in August, down from 50.4 mn t in the same month last year. Offtake rose to 60.6 mn t from 57.4 mn t a year earlier. Over the first five months of the current financial year, cumulative production during April–August was 267.5 mn t, down four point five per cent from 280.2 mn t a year earlier. Cumulative coal supplies rose six point seven per cent to 322.9 mn t in April–Aug..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code