+
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

Haworth India Hosts Women’s Leadership Panel Series

Haworth India marked International Women’s Day by hosting a leadership roundtable series titled ‘Give to Gain’, bringing together senior women leaders from architecture and design firms, corporates and project management consultancies. The series has been conducted in Delhi and Mumbai, with upcoming sessions scheduled in Bengaluru and Hyderabad on 27 March 2026. Structured as moderated panel discussions followed by audience interaction, the initiative examined the business impact of women’s leadership and the role of inclusive workplaces in supporting professional growth. Manish Khan..

Next Story
Real Estate

Max Estates Secures RERA For Max One Project

Max Estates has secured RERA approval (UPRERA No.: UPRERAPRJ9759) for its Max One development around Max Towers in Sector 16B, Noida, bringing renewed progress to a project previously stalled following the insolvency of its earlier developer. Spread across around 10 acres with an estimated development potential of about 2.5 million sq ft, Max One is planned as an integrated mixed-use campus combining serviced residences, premium offices, retail spaces and a private club. The project is expected to generate total sales potential of about Rs 20 billion along with an estimated annuity rental inc..

Next Story
Real Estate

Hindware Introduces Starc Smart Wall Mount Toilet

Hindware has introduced the Starc Smart Wall-Mount Toilet under its Hindware Italian Collection, designed to combine automation, hygiene and contemporary bathroom aesthetics. The model features automatic flushing, sensor-based seat opening and closing, and remote-controlled functions. It also includes an oscillating water spray and warm air dryer for cleaning, along with a self-cleaning nozzle designed to maintain hygiene. Additional features include adjustable heated seating, customisable water temperature and pressure settings, a foot-touch flush system and an LCD control interface. The wa..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement