The Gati Shakti
Master plan announced in the current year’s Union budget has received an
allocation of Rs 20,000 Crores and the plan would bring down the logistics cost
by having an integrated approach to the problem by breaking the entrenched
silos in the next six years minister of state for commerce Som Prakash said.
by seven engines – roads, railways, airports, ports, mass transport, waterways
and logistics – Gati Shakti is an idea whose time has come.
One of the main
problems that our exports lack competiveness in the international market is the
abnormal cost of logistics at around 12 to 15 per cent of the GDP. The attempt
is to bring it down to five to six per cent in the long term.
The Minister was
addressing the Industry Stakeholders at the INDIA INTERNATIONAL LOGISTICS &
SUPPLY CHAIN Conference, organized by PHDCCI. The Minister said India is one of
the most attractive destinations for investment in the world and government has
prepared some important frameworks to help thrive businesses in the country.
One of them is PM Gati Shakti masterplan and its implementation,
which will help us to achieve our aim in logistic efficiency.
Gati Shakti National Master Plan will help
achieve India’s aim of USD 5 Trillion economy.