India Aims to Slash Logistics Costs and Lead in Green Infrastructure Innovation
Key Ideas
- Union Minister Nitin Gadkari aims to reduce India's logistics costs to single digits, enhancing economic competitiveness.
- Strategic policies like PMGS-NMP and NLP are in place to address logistics sector constraints.
- India plans to lead in alternate fuels like hydrogen and biofuels, emphasizing biomass and biodigester technologies.
- The government is focused on green infrastructure development, with a projected toll income increase to Rs 1.4 lakh crore in two years.
Union Minister Nitin Gadkari of Road Transport and Highways in India has set a goal to slash the country's logistics costs to single-digit levels within the next two to three years. The current logistics cost is 14-16 percent, hindering economic competitiveness. Strategic policies such as the PMGS-NMP and NLP have been implemented to tackle logistics sector challenges. Minister Gadkari also highlighted the importance of exploring hydrogen as a key fuel source for the future, along with emphasizing biomass and biodigester technologies for hydrogen and CNG production. India aims to become a global leader in alternate and biofuels within the next decade. Additionally, green express highways are being constructed to support green infrastructure, with a significant toll income rise projected to reach Rs 1.4 lakh crore in two years. The government's strong focus on infrastructure development, supported by a robust budget and Prime Minister Modi's prioritization, aims to boost sectors like water, power, transport, and communication. India's export growth targets are ambitious, with plans to achieve $2 trillion in exports of goods and services by 2030.
Topics
India
Government Policies
Infrastructure
Alternative Fuels
Logistics
Economic Competitiveness
Export Growth
Green Highways
Latest News