India's Logistics Costs Set to Decrease, Taking Lead in Alternative Fuels: Gadkari
Key Ideas
  • Minister Gadkari aims to reduce India's logistics costs to single digits in 2-3 years for economic competitiveness.
  • India plans to lead in alternative fuels, with a focus on hydrogen and biofuels within the next decade.
  • Infrastructure projects, including green express highways, are economically viable with strong financial backing.
  • The 20th IBLA event in Mumbai recognized visionary leaders in business, policy, and culture for their impact and innovation.
Minister of Road Transport and Highways, Nitin Gadkari, announced plans to significantly reduce India's logistics costs to single-digit levels within the next 2-3 years. During the CNBC-TV18 India Business Leader Awards in Mumbai, he highlighted the importance of exploring hydrogen as a future fuel and emphasized the role of biomass and biodigester technologies in producing hydrogen and CNG. Gadkari also expressed confidence that India will lead in alternative and biofuels globally within the next 10 years. He mentioned the current toll revenue of Rs 52,000 crore, projected to reach Rs 1.4 lakh crore in two years, with ongoing infrastructure developments like green express highways. The minister emphasized the financial viability of projects, with a budget of Rs 2.8 lakh crore and strong support from the Finance Ministry. He underlined the priority given to infrastructure development in various sectors like water, power, transport, and communication. Gadkari also stressed the need for innovative strategies and collaboration to overcome challenges and ensure timely project completion. The 20th IBLA event in Mumbai, themed 'Leadership in Action,' honored resilient leaders for their transformative impact and foresight across business, policy, and culture.
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