Logistics cost drops to 9%: Gadkari

The government has met the target to reduce logistics cost to 9% of GDP from as high as 16% due to good roads, Union transport minister Nitin Gadkari said on Tuesday.

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Speaking at Amazon Smbhav Summit, Gadkari said there is a need to switch to alternative fuel, biofuel, and particularly hydrogen as part of logistics and expressed confidence that India will become an exporter of energy within 10 years. Gadkari said the cost of logistics in China is 8% of GDP, 12% in Europe and the US but in India it was as high as 16%.