Cutting logistics cost by 6 per cent major challenge, says Nitin Gadkari.
Addressing a public meeting after inaugurating and laying the foundation stone for numerous road development projects in Andhra Pradesh worth Rs 21,559 crore, the Union Minister noted that high logistics cost was proving a major problem for Indian exports.
According to Gadkari "Our logistics cost is 16-18 per cent whereas it is 8-10 per cent in China and 12 per cent in Europe and the USA. That's one of the problems in our exports since the costs are high. We are going to accept this challenge and reduce the logistics cost to 8-10 per cent,"
He said "time has come" to change the rules and regulations related on speed limit on expressways as access-controlled expressways were crucial to reduce fuel costs.
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12-2025
