Govt to reduce logistics costs to 12%
Ahmad Shariq Khan & Aamir H Kaki The Govt wants to bring down the overall logistics cost to 12%. This was revealed by Nitin Gadkari, Minister for Road Transport, Highways and Shipping during the unveiling of the 3rd edition of a report titled “Operational Efficiency of Freight Transportation by Road in India”, on Tuesday. The report was jointly published by Transport Corporation of India (TCI) and IIM Calcutta.Speaking on the occasion he said if India does not bring down logistics costs, which currently stand at 18 percent, the country will not be able to give a competitive edge to it's exporters. He also stressed on the need to develop multimodal transportation solutions in the country.Referring to China he said, "China's ...
Biofuels can be socio-economic change agents: Minister
The Dollar Business Bureau The Union Minister of Road, Transport, Highways and Shipping, Nitin Gadkari, pitched for more usage of biofuels in public transport, while stating that the usage would fuel Indian economy. In a statement on Wednesday, the Union Minister said, “Bio-fuels can be socio-economic change agents, as they would address crucial issues of the country like farmer suicides, agri surpluses in the sugar, wheat and rice sectors, and thereby fuelling economy.” The Union Minister was speaking at the session-‘Biofuels in Road Transport’, at the Bio-Fuels Roundtable-2015, organised by the Confederation of Industry in New Delhi on Wednesday. Speaking at the session, the Union Minister further said that the usage of bio-fuels will form an alternative way to ...
