NEW DELHI :
Commerce and Industry Minister Piyush Goyal on Wednesday mentioned the want of the hour is to reduce logistics value in the nation as India can’t be aggressive if this value stays excessive.
He additionally mentioned the investments in the Sagarmala undertaking will enhance the nation’s maritime infrastructure, develop freight corridors, make freight less expensive and convey down the present logistics value, which is estimated to be about 13-14 per cent.
The investments would assist in lowering this value to a extra acceptable benchmark of 8 per cent, and that is “the want of the hour at present and India can’t be aggressive so long as our logistics value stay so excessive”, he mentioned at the Maritime India Summit.
The Sagarmala undertaking goals at augmenting infrastructure in coastal areas of the nation.