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Aviation to become part of multi-modal logistics hubs: Gadkari

Press Trust of India  |  New Delhi 

Aviation sector will now be a part of multi-modal logistics hubs in to promote holistic logistics solutions, union minister said today.

So far, highways, ports, inland waterways and were part of the multi-modal logistics hubs in

Development of integrated logistics solutions will be part of Prime Minister's Flagship 'Make in India' programme.

"will bring aviation sector this time into multi-modal hubs as it has huge potential in the logistic sector also," road transport, and shipping minister Gadkari said at a curtain-raiser event on India's first Integrated Transport and Logistic Summit on May 3-5.

The summit is expected to attract to the tune of Rs 50,000 crore, he said.

The minister said that to transforming India's logistics from a point-to-point model to hub-and-spoke model is an effort to reduce logistics cost and ensure that multi-modal infrastructure comes up in the country in an integrated manner.

is a growing economy and the high cost of logistics -- currently at 14 per cent of GDP -- is having a negative effect, he said.

The minister also said that the is committed to connect centres of high economic activity into corridors.

"Forty four economic corridors along with numerous feeder routes and inter corridor routes requiring consistent four lane infrastructure covering 55,000 km has been identified," he said.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, March 15 2017. 14:02 IST