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Changes In Cost Of Fuel And Road Can Bring The Logistics Cost To 9%: Nitin Gadkari

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Union Minister for Road Transport and Highways, Nitin Gadkari on Tuesday said that changes in the cost of fuel and road can bring the logistics cost to nine per cent. Efficiceny and Efficacy Speaking at three day Rising Rajasthan Global Investment Summit 2024 in Jaipur,
The article from MSN discusses statements made by Nitin Gadkari, India's Minister for Road Transport and Highways, regarding the potential reduction of logistics costs in India. Gadkari highlighted that changes in the cost of fuel and improvements in road infrastructure could significantly lower logistics costs from the current 14-16% of GDP to about 9%. He emphasized the government's efforts to enhance road connectivity, which would reduce transportation costs. Additionally, he mentioned the promotion of alternative fuels like biofuels and electricity to decrease dependency on traditional, more expensive fuels. Gadkari also pointed out the importance of these changes for increasing the competitiveness of Indian goods in the global market.

Read the Full MSN Article at:
[ https://www.msn.com/en-in/money/economy/changes-in-cost-of-fuel-and-road-can-bring-the-logistics-cost-to-9-nitin-gadkari/ar-AA1vDIEw ]