Efficient logistics ecosystem will drive us to become Atmanirbhar

Bharat : Piyush Goyal

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NEW DELHI : At the one-day workshop on “Logistics Cost Framework” organized by DPIIT, Ministry of Commerce and Industry, in partnership with Asian Development Bank (ADB) today in New Delhi, Union Minister of Commerce and Industry, Textiles, Consumer Affairs, Food & Public Distribution, Shri Piyush Goyal highlighted that the journey from India@75 to India@100 needs an efficient logistics ecosystem to drive us through Amrit Kaal to become Atmanirbhar Bharat. The efforts of infrastructure development through several initiatives such as Bharatmala, Sagarmala, Dedicated Freight Corridor (DFC) and the revolutionary PM GatiShakti Initiative, will bring down India’s Logistics cost from double digit to single digit. He suggested taking note of India’s geography, terrain, size and complexities, trade volume and value etc while calculating the logisticscost.

At present, VGF support is available for projects in metro and road construction, development of food grain silos,andsettingupoftransmissionlines,amongothers. But according to Shipping Ministry officials, VGF for Coastal Shipping will be required for companies such Shipping Corporation of India (SCI) which are in thebusinessofoperatingtheserviceontheIndiancoastline tohelpdevelopthesector.