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Govt, Private Sector Should Work Together To Bring Down Logistics Cost, Increase Economic Efficiency: Goyal

He also said that the government is actively thinking of promoting the manufacturing of containers and ship-building

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Union Minister Piyush Goyal urged the industry to work with the government to bring down the logistics cost from 12 to 14 per cent to 7 to 8 per cent as prevailing in developed countries. 

Speaking at the National Logistics Excellence Awards in New Delhi, the minister emphasised that the expansion of infra spending from Rs 2.5 lakh crore to Rs 7.5 lakh crore and Gati Shakti will benefit the logistics sector most with investment across roads, highways, ports, airports, multi-modal terminals etc. 

Goyal said that GatiShakti will help in efficient planning and implementation, thereby ensuring that last-mile connectivity-related issues are not there. 

He also said that the government is actively thinking of promoting the manufacturing of containers and ship-building.

Goyal also asked the industry to involve startups to become more transparent and efficient.