 "Govt aims to reduce logistics cost to 9% of GDP: Nitin Gadkari at CII event")
The government is working to bring down logistics cost to 9 per cent of GDP in the next three years from the current 14-16 per cent, Union Minister Nitin Gadkari said on Wednesday.
Speaking at an event organised by industry chamber CII, the Road, Transport and Highways Minister further said India's exports will increase when its logistics cost will come down to single digit. The government is going by certain estimates which suggest that logistics cost in India is in double digits.The government has rolled out a national logistics policy and PM Gati Shakti initiative to boost competitiveness of industry.
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