What key development is expected in India's logistics cost in the next two years according to Gadkari
According to Gadkari, India's logistics cost will come down to single-digit percentage in two years.
- Improvement in infrastructure: Investments in key infrastructure projects such as roadways, railways, and waterways will enhance connectivity and reduce transportation costs.
- Efficient use of technology: Integration of digital solutions like GPS tracking, online booking systems, and warehouse management software will streamline operations and minimize inefficiencies.
- Simplified regulations: Implementation of simplified regulations and policies will facilitate smoother movement of goods, leading to reduced delays and costs.
- Promotion of multimodal transportation: Encouraging the use of multiple modes of transportation will optimize freight movement and further drive down logistics costs.
- Focused approach on reducing bottlenecks: Addressing key bottlenecks in the supply chain network will expedite the movement of goods and lower overall logistics costs.
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8 months ago