Reduce logistics costs, improve road infra & leverage waterways to make exports more competitive globally: Gadkari

Union Minister of Road Transport and Highways Nitin Gadkari said that our exports must increase and imports reduced in realizing the vision of a USD 5 Trillion economy, highlighting the need to reduce logistics costs, improve road infrastructure, and leverage waterways to make Indian exports more competitive globally. Mr Gadkari at the Supply Chain Management & Logistics Summit 2023 lauded the huge role of Supply Chain Management & Logistics in this transformation.

The summit brought together logistics and supply chain stakeholders to discuss innovative strategies and collaborative initiatives that will revolutionize India's logistics sector. It highlighted the significant role of logistics in India's economic growth and the nation's ambitious goal of achieving a USD 5 Trillion economy.

The summit was also attended by Sanjeev Ranjan, Chairman of the National Shipping Board, who discussed the Sagarmala Project's role in rejuvenating sea ports for economic development. The speakers shed light on various critical aspects of India's logistics ecosystem, including world-class port infrastructure, 'Smart Ports' to improve Ease of Doing Business, multimodal shifts to reduce logistics costs, institutional and regulatory reforms, and the importance of a safe, sustainable, and green maritime sector.