India's logistics cost will reduce to single-digit in 5 years: Gadkari

Union Minister Nitin Gadkari has announced that India’s logistics cost is expected to reduce to single digits within the next five years. This reduction is anticipated to be achieved through various infrastructure projects and policy initiatives aimed at improving the efficiency of the logistics sector. Gadkari highlighted the importance of reducing logistics costs to enhance the competitiveness of Indian goods in the global market. The government’s focus on developing multi-modal logistics parks, improving road and rail connectivity, and promoting the use of technology in logistics operations are key components of this strategy. The reduction in logistics costs is expected to benefit various sectors, including manufacturing, agriculture, and e-commerce, by lowering transportation expenses and improving supply chain efficiency. Gadkari’s announcement underscores the government’s commitment to transforming India’s logistics landscape and driving economic growth through enhanced infrastructure and reduced costs.