Want of the hour is to cut back logistics price: Commerce Minister Goyal

Want of the hour is to cut back logistics price: Commerce Minister Goyal

Commerce and Trade Minister Piyush Goyal on Wednesday stated the necessity of the hour is to cut back logistics price within the nation as India can’t be aggressive if this price stays excessive.

He additionally stated the investments within the Sagarmala challenge will enhance the nation’s maritime infrastructure, develop freight corridors, make freight more cost effective and convey down the present logistics price, which is estimated to be about 13-14 per cent.

The investments would assist in lowering this price to a extra acceptable benchmark of 8 per cent, and that’s “the necessity of the hour at this time and India can’t be aggressive so long as our logistics price stay so excessive”, he stated on the Maritime India Summit.

The Sagarmala challenge goals at augmenting infrastructure in coastal areas of the nation.

(Solely the headline and film of this report might have been reworked by the Enterprise Customary workers; the remainder of the content material is auto-generated from a syndicated feed.)

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