Government is working on boosting infrastructure, particularly ports, roads and waterways, to significantly reduce logistics cost that is “very high” in the country, Union Minister Nitin Gadkari said today.
He made a pitch for port-led development which is “crucial” for higher economic growth.
“Our logistics cost is very high. It is 18 per cent. It is easy to take any material from Mumbai to Dubai or from Mumbai to London, but it is very difficult to take material from Mumbai to Delhi as it is costly and complicated… We want to give highest priority to that on how we can reduce this cost,” he said.
Speaking at the Andhra Pradesh Investors Summit, the road, transport, highways and shipping minister hoped that the target 40 km of road construction per day will be achieved by next year. Read More…