Article link:
Logistics
cost will reduce to 9% of GDP in 2 years: Gadkari
Extract from the
article:
In a significant revelation, Union Minister Nitin Gadkari has disclosed
plans to reduce India's logistics costs to a single-digit figure within the
next two years.
Gadkari emphasized the aim to bring down logistics expenses to 9 per cent.
The article also highlighted the remarkable growth of India's automobile
industry from Rs 7.5 crore in 2014 to an impressive Rs 18 lakh crore by 2024.
My Take:
India
to become Vehicle Scrapping Hub ?
Reflecting on my previous blog where I discussed India's potential to become
a global automobile manufacturing hub, the recent announcement by Gadkari
further solidifies the country's path towards this goal.
The focus on scrappage policies to modernize the automotive industry aligns
with my earlier suggestion. The growth projections outlined in my blog seem to
be aligning with the current developments, showcasing a promising future for
India's automotive sector.
Back in 2021, there was a discussion on implementing measures to encourage
greener practices in the automobile industry.
Now, with the push towards scrappage policies as highlighted by Gadkari, the
emphasis on reducing pollution and promoting sustainable vehicles is gaining
momentum. The exponential growth expected in the automobile sector echoes the
trends predicted in my earlier blog.
It's encouraging to see efforts being made to transform the industry in line
with environmental concerns.
Call to Action:
To Union Minister Nitin Gadkari,
Your vision for transforming India's logistics landscape is commendable.
As you steer the country towards reducing logistics costs significantly, it
is crucial to ensure that these changes benefit all stakeholders, including
small businesses and consumers.
Continued transparency in policy implementation and engagement with industry
experts will be key in achieving the desired outcomes. Keep up the momentum
towards a more efficient and cost-effective logistics ecosystem.
With regards,
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