Our first priority is waterways: Nitin Gadkari

Logistics cost in India as a percentage of GDP is 16 per cent, which is very high, he said, adding that it is 10 per cent in China, and nearly eight per cent in the US and Europe.

Union Minister Nitin Gadkari has said there is a need to reduce logistics costs in the country, which is higher than that of China, the US and European countries.

The idea is to make waterways a popular mode of transport for passengers and goods as this will help in bringing down the import cost of petrol and diesel, which is around Rs 16 lakh crore for the country annually, he said. “Our first priority is waterways, second railways, third road and lastly aviation. Bringing down logistics costs will help in generating employment in the country,” he said at a programme organised in Kolkata.

Also Read: Govt working on developing electric highways: Nitin Gadkari

Logistics cost in India as a percentage of GDP is 16 per cent, which is very high, he said, adding that it is 10 per cent in China, and nearly eight per cent in the US and Europe. Gadkari, the minister of road transport and highways, said the Prime Minister Gati Shakti programme will help in coordination among various departments, and a common right of way will be developed.

“There is a need to connect rail and road transport with the waterways,” Gadkari said. More use of sustainable fuel, such as biodiesel, bio-CNG, will help substitute imports of petrol and diesel, he said.

This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever

"Exciting news! Mid-day is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest news!" Click here!