India's Logistics Revolution: Reducing Costs and Boosting Automotive Growth

Nitin Gadkari, the Union Road Transport and Highways Minister, announced plans to reduce India's logistics cost to single digits within two years. Addressing a NITI Aayog event, he emphasized the development of highways and expressways as key factors in achieving this goal. Gadkari also highlighted the potential for alternative fuels, biofuels, and coal utilization in India's export landscape and aims to make the Indian automobile industry the world's largest.

Union Road Transport and Highways Minister Nitin Gadkari announced on Thursday that India aims to cut its logistics costs to single-digit percentages within the next two years.

Speaking at a NITI Aayog-organized event, Gadkari highlighted that ongoing construction of highways and expressways is crucial to achieving this ambitious goal.

Gadkari also mentioned the substantial potential for exporting alternative fuels and biofuels, noting the utility of low-quality coal in methanol production. He stressed his vision for the Indian automobile industry to become the global leader, highlighting its rapid growth and job creation impact.

(With inputs from agencies.)