India targets single-digit logistics costs in five years
WAREHOUSING & LOGISTICS

India targets single-digit logistics costs in five years

India plans to reduce its logistics costs to a single-digit percentage of GDP within the next five years, Union Road Transport and Highways Minister Nitin Gadkari announced during the 'Deloitte Government Summit.' He emphasised that the ongoing construction of highways and expressways will play a crucial role in achieving this goal.

Currently, logistics costs in India range from 7.8% to 8.9% of GDP, according to the National Council of Applied Economic Research (NCAER). Lowering these costs is expected to boost economic efficiency and improve the nation's global competitiveness.

Gadkari also outlined his vision for India's automobile industry, aiming to make it the largest globally. India, now the third-largest automobile market after the U.S. and China, has seen the industry's value jump from Rs 7.5 trillion in 2014 to Rs 22 trillion in 2024.

In his broader economic outlook, Gadkari stressed the importance of increasing farmers' purchasing power to drive growth and advocated for boosting exports while reducing imports. He also called for the development of 'smart villages' alongside smart cities.

Gadkari further underscored the importance of performance audits over financial audits in organisations to enhance efficiency and productivity. These initiatives form part of India's strategy to solidify its position as a leading global economy. (ET)

India plans to reduce its logistics costs to a single-digit percentage of GDP within the next five years, Union Road Transport and Highways Minister Nitin Gadkari announced during the 'Deloitte Government Summit.' He emphasised that the ongoing construction of highways and expressways will play a crucial role in achieving this goal. Currently, logistics costs in India range from 7.8% to 8.9% of GDP, according to the National Council of Applied Economic Research (NCAER). Lowering these costs is expected to boost economic efficiency and improve the nation's global competitiveness. Gadkari also outlined his vision for India's automobile industry, aiming to make it the largest globally. India, now the third-largest automobile market after the U.S. and China, has seen the industry's value jump from Rs 7.5 trillion in 2014 to Rs 22 trillion in 2024. In his broader economic outlook, Gadkari stressed the importance of increasing farmers' purchasing power to drive growth and advocated for boosting exports while reducing imports. He also called for the development of 'smart villages' alongside smart cities. Gadkari further underscored the importance of performance audits over financial audits in organisations to enhance efficiency and productivity. These initiatives form part of India's strategy to solidify its position as a leading global economy. (ET)

Next Story
Infrastructure Urban

Coal Ministry Achieves Milestones under Special Campaign 5.0

The Ministry of Coal and its Public Sector Undertakings (PSUs) have achieved notable milestones under the Special Campaign 5.0, focusing on cleanliness, operational efficiency, and sustainability across the coal sector. During the implementation phase from 2–31 October 2025, over 1,205 sites were cleaned, covering 68,04,087 sq ft, nearing the target of 82,51,511 sq ft. Scrap disposal of 5,813 MT against a target of 8,678 MT generated Rs 228.7 million in revenue. In addition, 1,11,248 physical and 30,331 electronic files were reviewed, with 74,123 weeded out or closed. Key initiatives showc..

Next Story
Infrastructure Energy

Vesting Orders Issued for Three Coal Blocks under Commercial Auctions

The Ministry of Coal’s Nominated Authority has issued vesting orders for three coal blocks under commercial coal block auctions on 23 October 2025. The Coal Mine Development and Production Agreements (CMDPAs) for these mines were earlier signed on 21 August 2025. The three blocks include Rajgamar Dipside (Deavnara), Tangardihi North, and Mahuagarhi. Of these, two are partially explored while one is fully explored, with a combined peak rated capacity of around 1 MTPA and geological reserves of approximately 1,484.41 million tonnes. These mines are expected to generate annual revenue of abou..

Next Story
Infrastructure Urban

TEC, IIT-Hyderabad Partner to Boost 6G and Telecom Standards

The Telecommunication Engineering Centre (TEC), technical arm of the Department of Telecommunications (DoT), has signed a Memorandum of Understanding (MoU) with the Indian Institute of Technology Hyderabad (IIT Hyderabad) for joint research and technical collaboration in advanced telecom technologies and standardisation. The partnership focuses on developing India-specific standards and test frameworks for next-generation networks, including 6G, Artificial Intelligence (AI), and Non-Terrestrial Networks (NTNs). It also aims to enhance India’s participation in international standardisation f..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?