Union Minister Nitin Gadkari

Union Minister Nitin Gadkari on Friday insisted on cutting logistics costs below 10 percent to make the retail market more competitive and stimulate economic growth. Gadkari said the government is focusing on integrated infrastructure development through the announcement of the National Infrastructure Pipeline (NIP) and Gati-Shakti programs.

The Minister of Road Transport and Highways said there are plans to build 25,000 km of national highways over the next two years.

Addressing an event organized by IIM-Ahmedabad, the minister said that under the NIP, a roadmap of 2,800 projects has been planned with a length of more than one lakh km.

According to Gadkari, with the upcoming alternative fuels such as ethanol, LNG, bio-CNG, electricity and hydrogen, India’s transport sector stands at an important crossroads.

“Whatever policies we design and adopt right now, they will pave the way for the next 30 to 40 years,” he said.

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Gadkari further said that if electric vehicles penetrate 40% in the two-wheeler and car segment and almost 100% for buses by 2030, India would be able to reduce oil consumption. gross of 156 million tons worth Rs 3.5 lakh crore.


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