1 month ago
The Hindu Business Line
New Delhi, February 23The 1,386-km-long Delhi-Mumbai Expressway (DME) is just the kind of colossal logistical push that India needs to emerge as a global manufacturing hub. Reducing logistics costsInfrastructure major REPL’s AVP (Planning) Prabhakar Kumar pointed out that the government has already been putting in efforts to reduce logistics costs to improve productivity, reach and economic prosperity. “India’s logistics costs are 16-18 per cent (of GDP), compared to 8-10 per cent in China, 12 per cent in Europe and 15 per cent in the US. With reduced time travel, cut in fuel expenditure and improved connectivity, DME will reduce logistics costs considerably. However, India would need more such grand infrastructure plans to match its aim of lowering logistics costs to 9 per cent,” he added.
Continue reading...
