CWC to play a key role in India's logistics cost reduction plan: Joshi

The minister also hailed Central Warehousing Corporation's successful asset monetisation at 18 locations, which mobilised an investment of Rs 820 crore under the government's asset monetisation plan

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NEW DELHI: The government aims to reduce logistics costs from the current 13-14 per cent to global standards of around 8 per cent, with the Central Warehousing Corporation (CWC) playing a crucial role in this nationwide transformation effort.

With the launch of the National Logistics Policy and the PM Gati Shakti Programme, we aim to bring down logistics costs from the existing 13-14 per cent to global standards of around 8 per cent.

"CWC, as a leading warehousing organisation, is poised to support these objectives through modern infrastructure development and efficiency enhancements," Food Minister Pralhad Joshi said while addressing the CWC's 69th Foundation Day.