Trying To Bring Down Logistics Cost To Single Digit Within 2 Years Says Nitin Gadkari At IEC 2024

Union Minister Nitin Gadkari, Minister of Road Transport and Highways of India (MoRTH) speaking at India Economic Conclave (IEC) 2024, announced a target to lower India's logistics cost to 9 percent within the next two years. Currently at 14 to 16 percent, India's logistics cost is significantly higher than China's 7 to 8 percent and the United States' 5 percent. The reduction is expected to enhance exports and improve the global competitiveness of Indian goods.

Addressing the audience Gadkari highlighted the role of infrastructure in achieving this goal, emphasizing the development of 36 green highways and expressways. He noted the imminent inauguration of key projects, including the Delhi-Dehradun Expressway and the Kalindi Kunj Road, within the next 15-20 days. The Delhi-Mumbai Expressway will follow in two months, significantly reducing travel time between these cities.

The minister also emphasized the adoption of alternative fuels, electric vehicles, and efficient public transport to cut costs and address environmental concerns. He concluded by stressing the importance of collaboration and performance audits in delivering these ambitious outcomes.

Gadkari is a strong pillar of the Indian government who has taken the onus to change the face of road and highway infrastructure in the country. He has been proactively playing a pivotal role in the speedfast development of Indian highways, expressways to improve connectivity in the country which is reducing the travel and freight time in the country. So if you have to look at this at a macro level you will understand that the efforts made by the minister and team is improving connectivity while also helping in bringing down logistics costs in the country which can prove to be highly beneficial for a growing economy like India.