Logistics costs

 

Article link: Logistics cost will be in single digits in 5 years: Nitin Gadkari - The Economic Times

Extract from the article:

In a recent statement, Nitin Gadkari, the Minister of Road Transport and Highways, has expressed his optimism that India's logistics cost will decrease significantly in the next five years. This reduction is expected to bring the logistics cost down to single digits.

The key driver behind this transformation is India's ambitious plan to develop a network of world-class highways and expressways. By enhancing road infrastructure and focusing on improving road transport networks, the government aims to revolutionize the logistical landscape of the country.

This initiative aligns with the broader goal of boosting economic growth and efficiency by streamlining transportation processes and cutting down costs significantly.

My Take:

Dear Shri Goyalji: Logistics Cost can be 5%

"Looking back at my blog where I discussed the potential of reducing logistical costs to 5%, it's exciting to see this vision gaining traction.

The recent announcement by Nitin Gadkari resonates with the foresight shared in my blog post.

The development of infrastructure through initiatives like Gati Shakti is proving to be instrumental in reshaping the logistics sector and driving economic benefits. It's heartening to witness the progress towards achieving the goal set forth earlier."

Dear Shri Goyalji: Leverage Gati-Shakti to Earn Rs 20 Lakh*crore per year

"In my blog urging the utilization of Gati Shakti's Geo-Spatial capabilities to optimize logistics and generate significant revenue, the current emphasis on leveraging technology for cost reduction echoes these sentiments.

The potential to earn substantial revenue and mitigate environmental challenges through efficient transportation planning aligns with the vision outlined earlier. It's encouraging to witness the ongoing efforts towards realizing these possibilities and transforming the logistics landscape for the better."

Call to Action:

To Honorable Minister Nitin Gadkari and stakeholders involved in the transformation of India's logistics sector, I urge you to continue driving forward with the strategic initiatives aimed at reducing logistics costs.

Embracing innovative technologies, fostering public-private partnerships, and ensuring seamless execution of infrastructure projects will be pivotal in achieving the envisioned single-digit logistics cost target within the stipulated timeframe.

Let's work together towards reshaping India's logistics ecosystem and unlocking economic growth opportunities for the nation.

With regards,

Hemen Parekh

www.My-Teacher.in