Nitin Gadkari: India to soon have integrated transport policy

Union Minister Nitin Gadkari on Wednesday said the government is working to formulate an integrated, multi-modal logistics and transport policy to reduce logistics costs by nearly half, making Indian products more competitive.

The integrated policy will include construction of 50 economic corridors and upgrading of key feeder and inter-corridor routes to improve overall efficiency of freight movement, Gadkari said.

He was speaking at a curtain-raiser event of India Integrated Transport and Logistics Summit, to be held from May 3 to 5 in New Delhi.

India also plans to develop 35 multi-modal logistics parks to serve as centres for freight aggregation and distribution, multi-modal transportation, storage and warehousing and value-added services. Read More…