The industry must take up the use of Methanol and Liquefied Natural Gas (LNG) as fuel to cut down the high cost of logistics which currently stand at 18 per cent for companies, minister for road transport and highways, shipping and water resources river development and ganga rejuvenation Nitin Gadkari said today.
Addressing the industry at the 91st Annual General Meeting of the Federation of Indian Chambers of Commerce and Industry (FICCI), the minister urged the private sector to invest liberally in the development of expressways, waterways, irrigation projects and the Clean Ganga Mission.
“The government had decided to convert 111 rivers into waterways and sought industry’s cooperation in transport of goods on waterways which would reduce the cost of transport to Re 1 per km, as against road transport cost of Rs 10 per km. and railways at Rs 6 per km,” he said. Read More
Latest posts by ET Energy World (see all)
- India imported coal worth Rs 1.7 lakh crore in FY19 - June 26, 2019
- Indian Oil to construct biodiesel and ethanol tanks in Uttarakhand - June 26, 2019
- Rooftop solar clearance process: Red tape gives Chandigarh the blues - June 26, 2019