Top News

|  DP World reports 10.7% gross volume growth in Q2 2017  |    |  Major Ports post combined net surplus of INR 2820 cr in FY 2017  |    |  Odisha sets a target to reach INR 1 lakh cr exports by 2025  |    |  Shapoorji Pallonji Group to spend INR 2,000 cr in Odisha Gopalpur Port  |    |  Air India SATS Airport Services launches mobile app for tracking cargo  |    |  IndiGo & Jet introduce additional flights to Doha, Mumbai from Kozhikode  |    |  Port of Rotterdam registers impressive container throughput rise in H1  |    |  New waterways to connect India with Bangladesh  |    |  Yang Ming to start New Korea-Taiwan-Hong Kong service  |    |  DFC to be commissioned in 2 years  |    |  Domestic air traffic up 20% in June  |    |  No new port in 100 km vicinity of major ports  |    |  IRCTC to install 1,100 water vending machines at railway stations  |    |  Port of Antwerp first half volume increases by 1.9% to 5,143,305 TEU  |    |  Asia-Europe rate falls 2.1% to USD 919 TEU, declines 3.1% to USWC  |    |  Operations at international cargo terminal likely to begin soon  |    |  Haicang Port sees 1H cargo rise 20.7% to 3.12 million TEU  |    |  Bahri gets delivery of 39th VLCC, strengthens its leading position  |    |  Shreyas Shipping & Logistics signs MoA to acquire one Multipurpose vessel  |    |  Businessman to sell 12% stake in CIAL  |   
You are here: Home » National News » Infrastructure» Gadkari says: Government focus on infra to cut down logistics cost

Gadkari says: Government focus on infra to cut down logistics cost

30 January 2017 | Visakhapatnam
 

transreproter

Union Minister Nitin Gadkari said, Government is working on boosting infrastructure, particularly ports, roads and waterways, to significantly reduce logistics cost that is “very high” in the country.

He made a pitch for port-led development which is “crucial” for higher economic growth. He said that “Our logistics cost is very high. It is 18%.

It is easy to take any material from Mumbai to Dubai or from Mumbai to London, but it is very difficult to take material from Mumbai to Delhi as it is costly and complicated. We want to give highest priority to that on how we can reduce this cost.”

Speaking at the Andhra Pradesh Investors Summit, the road, transport, highways and shipping minister hoped that the target 40 kilometer (km) of road construction per day will be achieved by next year.

“It was 2 km per day, last year, it was 18 km per day and by the end of this March, it will be 30 km per day. But our target was 40 km per day, and I am confident that next year, we will complete that target,” he said, adding that the government will complete 2 lakh km National Highway on time. About ports and shipping, Gadkari said contracts worth INR 1 lakh crore have been finalized to give a push to the sector.

“Most important for our development is port led development. We have Sagarmala as a big investment project.”

Last year, the three flagships Cochin Shipyard, Shipping Corporation of India and Dredging Corporation recorded profit of INR 6,000 crore and “for this year, we are expecting profit of about INR 7,000 crore and we are going to invest this profit“.

   
Transreproter Logo