An integrated attempt to cut down Logistics cost implemented

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.

 Propelled 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.