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

09 Dec 2024 CW Team

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.

India Enhances Cyber Defences for Critical Infrastructure

SMART CITIES

25 Apr 2025

India Spent Rs 1.5 Tn on Smart Cities in Past 10 Years

Gadkari: NE Roads to Match US as Govt Plans Rs 10 Tn Highway Boost

ROADS & HIGHWAYS

14 Apr 2025

Gadkari: NE Roads to Match US as Govt Plans Rs 10 Tn Highway Boost

Cabinet Approves Integrated Transport & Logistics Authority

WAREHOUSING & LOGISTICS

09 Oct 2026

Cabinet Approves Integrated Transport & Logistics Authority

MOVIN Boosts Express Capacity Ahead of Festive Demand

WAREHOUSING & LOGISTICS

06 Oct 2026

MOVIN Boosts Express Capacity Ahead of Festive Demand

Gold Stories

Cement

15 Nov 2021

FASTEST GROWING CONSTRUCTION COMPANIES IN INDIA

WAREHOUSING & LOGISTICS

01 Mar 2026

We’ve cut 50,000 tonnes of carbon emmissions since 2019

WAREHOUSING & LOGISTICS

01 Feb 2025

Warehousing for Viksit Bharat

Infrastructure Urban

12 Oct 2026

KONE Opens India's First Digital Experience Centre in Pune

KONE, a global elevator and escalator manufacturer, has inaugurated its first Digital Experience Centre (DEC) in India, located in Pune. The facility aims to showcase how artificial intelligence (AI), connectivity and data-driven technologies can enhance customer experiences and improve building operations.The centre was inaugurated by Jussi Herlin, Executive Vice Chair, KONE Corporation; Philippe Delorme, President and CEO, KONE; and Nandan Nilekani, Co-founder and Chairman of the Board, Infosys.Designed as an interactive customer environment, the facility demonstrates digital solutions cover..

Infrastructure Urban

12 Oct 2026

CII GreenCo Launches Circularity Guidelines for Indian Industry

The Confederation of Indian Industry (CII) GreenCo Council has launched the CII GreenCo Circularity Guidelines – Pilot Version at the 17th CII GreenCo Waste & Resource Management Summit 2026 in Chennai. The initiative aims to strengthen resource efficiency, waste reduction and circular economy practices across Indian manufacturing and process industries.The guidelines introduce a structured framework with circularity indices covering raw materials, consumables, packaging and other resource inputs. These indicators will help industries assess existing practices, identify opportunities to ..

Infrastructure Energy

12 Oct 2026

Global Electronics Association Launches IPC-1783-CO2E Standard

The Global Electronics Association has introduced IPC-1783-CO2E, a new international standard aimed at improving consistency, transparency and comparability in product carbon footprint reporting across the electronics manufacturing industry.The standard, titled International Standard for Data Collection and Reporting of CO2 Equivalent (CO2e) Emissions for the Electronics Manufacturing Supply Chain, provides industry-specific guidance for collecting, estimating and reporting carbon emissions data.With increasing regulatory requirements and customer expectations, electronics manufacturers face c..

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

Related Stories

Gold Stories

KONE Opens India's First Digital Experience Centre in Pune

CII GreenCo Launches Circularity Guidelines for Indian Industry

Global Electronics Association Launches IPC-1783-CO2E Standard

Related Articles

Latest Updates

Recommended for you

Advertisement

Subscribe to Our Newsletter

STAY CONNECTED

Advertisement

Modal Heading

First Name *

Last Name *

Industry *

Email Address *

Mobile Number *

Password *

Confirm Password *

Subscribe to our Newsletter

Email Address *

Password *

Please enter the details

Email Address

Modal Heading

First Name *

Last Name *

Industry *

Email Address *

Mobile Number *

Password *

Confirm Password *

Subscribe to our Newsletter

Email Address *

Password *

Please enter the details

Email Address