Logistic cost in India to come down to 9 pc in 2 years: Nitin Gadkari

economictimes.indiatimes.com:

Nitin Gadkari on Wednesday said the logistics cost in India will come down to 9 per cent within two years. Speaking during bauma Conexpo India, the Road Transport and Highways Minister said that «presently our logistics cost is 14-16 per cent… I assure you that within two years… our logistics cost will be 9 per cent. So we will be more competitive in the international market.»
In China, the logistics cost is 8 per cent and in the US and European countries it is 12 per cent, the minister said.
The minister further said the automobile industry is one of the important industries that is giving maximum revenue as part of GST to the state governments and the Centre.

The role of the automobile industry is very important to make India a USD 5 trillion economy, he said.
The construction equipment, he said, is also part of this automobile industry.

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