Govt Plans to Reduce Logistics Costs to Single Digits in 2-3 Years
WAREHOUSING & LOGISTICS

Govt Plans to Reduce Logistics Costs to Single Digits in 2-3 Years

The Indian government is determined to reduce logistics costs to single-digit levels within the next two to three years, Union Minister of Road Transport and Highways Nitin Gadkari stated recently. Currently, logistics costs in India range between 14-16 per cent. The minister expressed confidence that these costs would drop to nine per cent during this period, significantly boosting the country's economic competitiveness.

To address challenges in the logistics sector, the government has implemented key initiatives such as the Prime Minister Gati Shakti-National Master Plan (PMGS-NMP) and the National Logistics Policy (NLP). Speaking at an event in Mumbai, the minister underscored the importance of adopting hydrogen as a major fuel for the future, highlighting the role of biomass and biodigester technologies in producing hydrogen and compressed natural gas (CNG). He further predicted that India would lead the world in alternate and biofuels within the next decade.

Regarding infrastructure development, the minister revealed that India's toll income, currently at Rs 520 billion, is projected to increase to Rs 1.4 trillion within two years. He also mentioned on-going efforts to build green express highways, affirming the financial viability of such projects. He highlighted the government's strong support, including a budget allocation of Rs 2.8 trillion from the Finance Ministry, and emphasized Prime Minister Narendra Modi's prioritisation of infrastructure development in key sectors such as water, power, transport, and communication.

While acknowledging challenges in infrastructure projects, Gadkari stressed the need for innovative strategies and collaboration to overcome obstacles and ensure timely execution. He also shared that India’s goods exports had grown from $48.5 billion in 2000 to $467.5 billion in 2022, while industrial exports increased from $39.6 billion to $317.4 billion during the same period. The government is now targeting $2 trillion in exports of goods and services by 2030.

The Indian government is determined to reduce logistics costs to single-digit levels within the next two to three years, Union Minister of Road Transport and Highways Nitin Gadkari stated recently. Currently, logistics costs in India range between 14-16 per cent. The minister expressed confidence that these costs would drop to nine per cent during this period, significantly boosting the country's economic competitiveness. To address challenges in the logistics sector, the government has implemented key initiatives such as the Prime Minister Gati Shakti-National Master Plan (PMGS-NMP) and the National Logistics Policy (NLP). Speaking at an event in Mumbai, the minister underscored the importance of adopting hydrogen as a major fuel for the future, highlighting the role of biomass and biodigester technologies in producing hydrogen and compressed natural gas (CNG). He further predicted that India would lead the world in alternate and biofuels within the next decade. Regarding infrastructure development, the minister revealed that India's toll income, currently at Rs 520 billion, is projected to increase to Rs 1.4 trillion within two years. He also mentioned on-going efforts to build green express highways, affirming the financial viability of such projects. He highlighted the government's strong support, including a budget allocation of Rs 2.8 trillion from the Finance Ministry, and emphasized Prime Minister Narendra Modi's prioritisation of infrastructure development in key sectors such as water, power, transport, and communication. While acknowledging challenges in infrastructure projects, Gadkari stressed the need for innovative strategies and collaboration to overcome obstacles and ensure timely execution. He also shared that India’s goods exports had grown from $48.5 billion in 2000 to $467.5 billion in 2022, while industrial exports increased from $39.6 billion to $317.4 billion during the same period. The government is now targeting $2 trillion in exports of goods and services by 2030.

Next Story
Resources

Ajmera Realty launches tree drive on Environment Day

Ajmera Realty & Infra India marked World Environment Day with a large-scale tree plantation initiative—Plant-with-Purpose—across its projects in Mumbai and Bangalore. The drive was inaugurated at Ajmera Manhattan and Ajmera Greenfinity in Wadala, with senior company officials and residents in attendance. The campaign encourages residents to embrace eco-conscious, self-reliant lifestyles by growing useful plants and trees within their communities. Horticulture expert Devendra Bhekar guided residents on creating and maintaining green spaces. Ajmera Realty planted over 500 trees..

Next Story
Resources

Twaron®-reinforced tyre powers Brunel’s solar race car

Teijin Aramid’s Twaron® with circular content will debut in Bridgestone’s race tyres for the 2025 Bridgestone World Solar Challenge, supporting the Brunel Solar Team’s Nuna 13 car. This marks the first use of the recycled-content aramid in a high-performance race tyre. The Twaron®-reinforced belts help enhance durability, reduce rolling resistance, and maintain lightweight strength—critical for the 3,000-km solar race across Australia. Bridgestone combines this with ENLITENTM tech and other recycled inputs to maximise environmental and performance outcomes. Teijin Aramid, a..

Next Story
Building Material

Kamdhenu Paints launches new wood coating range

Kamdhenu Paints has launched a comprehensive premium wood coating range designed for both interior and exterior applications. The collection includes high-performance solutions like Kamwood 2K PU for a rich matt or high-gloss finish, Kamwood 1K PU for clarity and stain protection, and the Kamwood Melamyne system for a smooth, durable finish. Also featured are Kamwood Wood Stains, which enhance wood grains with vibrant colour, and NC Sanding Sealer for high-build grain filling. The range is supported by Kamwood Thinners for ease of application and optimal finish. Saurabh Agarwal, MD, ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?