Speaking on the second day of the Republic Summit, Union Minister for Roads, Transport and Highways Nitin Gadkari emphasized the need to reduce logistics costs in order to emerge stronger and more competitive in the global market.
In his key speech he claimed: “Logistics costs in India are around 14 to 16 percent. In America and European countries, the logistics cost is 12 percent, and in China it is 8 to 10 percent.” He also highlighted the measures that can reduce logistics costs, which will benefit the entire economic ecosystem.
Highlighting the government’s measures and initiatives to reduce logistics costs, he said, “If we want to be competitive in the global market, we must focus on ways to reduce logistics costs. We will have to build more and more roads of the highest quality. More than 30 highways are currently under construction, which will soon be inaugurated and put into operation for commuters,” Gadkari said. \
“Through the first-class highways, people could travel from Delhi to Katra in 6 hours, from Delhi to Jaipur in 2 hours, from Delhi Dehradun in 2 hours and from Delhi to Meerut in 2 hours. The BJP-led central government is also leaving no stone unturned to improve road connectivity in backward areas like Jammu and Kashmir,” he added.