+
Logistics cost could be brought down by 5% in five years: Piyush Goyal
WAREHOUSING & LOGISTICS

Logistics cost could be brought down by 5% in five years: Piyush Goyal

According to the Minister of Commerce and Industry, Piyush Goyal, as per information from Logistics Ease Across Different States (LEADS) Report 2021, logistics cost will be brought down by 5% in the next five years.

He said that Gujarat, Haryana and Punjab had acquired the top three positions in the Indian logistics ranking.

He also praised the actions taken by the government of Gujarat against LEADS 2019 recommendations, including widening the roads, implementing faceless services in licensing, expanding warehousing, among others.

He even congratulated UP for leapfrogging seven ranks since 2019, which is the highest among all states, driven by policy initiatives and higher infrastructure spending in logistics. LEADS 2021 has increased with the domestic and Exim Logistics Private Limited ecosystem of the state.

He added that the pace of highway construction had increased thrice from 12 km per day in 2013-14 to 37 km per day in 2020-21, and the railway Capex has increased four times from Rs 54,000 crore to Rs 2.15 lakh crore.

According to him, infrastructure, quality services, and a conducive regulatory framework are the three pillars of logistics. LEADS want to create an ecosystem for excellence by bringing in a healthy competitive spirit. Improving logistics services across the country will be a force multiplier for the logistics ecosystem.

LEADS 2018 focused on export-import trades and assessed the efficiency of logistics in state and Union Territory (UT). LEADS 2019 focused on both domestic and international trade, while LEADS 2021 focused on analysing domestic and Exim logistics in the state. It has used objective parameters and perception-based indicators for index formulation.

The LEADS report includes a detailed analysis of the LEADS performance of states and UTs, with the issues and challenges faced by the stakeholders and suggestions to mitigate the issues.

Image Source

According to the Minister of Commerce and Industry, Piyush Goyal, as per information from Logistics Ease Across Different States (LEADS) Report 2021, logistics cost will be brought down by 5% in the next five years. He said that Gujarat, Haryana and Punjab had acquired the top three positions in the Indian logistics ranking. He also praised the actions taken by the government of Gujarat against LEADS 2019 recommendations, including widening the roads, implementing faceless services in licensing, expanding warehousing, among others. He even congratulated UP for leapfrogging seven ranks since 2019, which is the highest among all states, driven by policy initiatives and higher infrastructure spending in logistics. LEADS 2021 has increased with the domestic and Exim Logistics Private Limited ecosystem of the state. He added that the pace of highway construction had increased thrice from 12 km per day in 2013-14 to 37 km per day in 2020-21, and the railway Capex has increased four times from Rs 54,000 crore to Rs 2.15 lakh crore. According to him, infrastructure, quality services, and a conducive regulatory framework are the three pillars of logistics. LEADS want to create an ecosystem for excellence by bringing in a healthy competitive spirit. Improving logistics services across the country will be a force multiplier for the logistics ecosystem. LEADS 2018 focused on export-import trades and assessed the efficiency of logistics in state and Union Territory (UT). LEADS 2019 focused on both domestic and international trade, while LEADS 2021 focused on analysing domestic and Exim logistics in the state. It has used objective parameters and perception-based indicators for index formulation. The LEADS report includes a detailed analysis of the LEADS performance of states and UTs, with the issues and challenges faced by the stakeholders and suggestions to mitigate the issues. Image Source

Related Stories

Gold Stories

Next Story
Real Estate

Kamdhenu Realities acquires 4-acre Navi Mumbai land parcel

Kamdhenu Realities has acquired a 4-acre land parcel from RPG Life Sciences on Thane-Belapur Road for approximately Rs 1.5 billion, expanding its commercial real estate portfolio in Navi Mumbai.The parcel has a total developable potential of 1.8 million sq ft, on which Kamdhenu plans to develop a destination-scale commercial and lifestyle ecosystem. The proposed development will combine corporate office suites with high-street retail, F&B outlets, double-height lobbies, business infrastructure and lifestyle amenities.Located close to IKEA and opposite the upcoming Pawane Railway Station, t..

Next Story
Infrastructure Transport

97 Per Cent Of Rongjeng-Mangsang-Adokgre Road Nears Completion

Deputy Chief Minister in-charge of public works Prestone Tynsong said in Shillong on 26 August that 97 per cent physical progress had been achieved on the ongoing Rongjeng-Mangsang-Adokgre road being constructed under the Non-Lapsable Central Pool of Resources (NLCPR). He noted the project was sanctioned in 2017 and that the stipulated time for completion had been 24 months from issue of the final work order. The deputy chief minister informed the assembly that the government had decided to include the remaining work under a World Bank project. In reply to a query from Rongjeng MLA Jim M Sangm..

Next Story
Infrastructure Transport

First TBM Starts Digging Five Point Three Kilometre Tunnel Under SGNP

The Goregaon-Mulund Link Road (GMLR) Phase three (B) project has reached a key milestone as the first tunnel boring machine (TBM) began excavation of the first of two tunnels beneath the Sanjay Gandhi National Park (SGNP). The machine, named Tulsi, started cutting a five point three kilometre bore that will link Dadasaheb Phalke Chitranagari in Goregaon East with Amar Nagar in Mulund West. Officials issued a statement noting the commencement of tunnelling work under the protected green belt. The twin tunnels are being constructed using mechanised tunnelling methods that aim to limit surface di..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code