Government and industry could collaborate to reduce logistics costs: Goyal, Piyush

Government of India hosted its first-ever National Logistics Excellence Awards . The awards are designed to recognize the many logistics service providers in the country .

New Delhi, India, June 24: Union Minister Piyush Goyal urged the commerce industry to work with the government to reduce the logistics cost from 12-14 percent to 7-8 percent as it is commonly used in developed countries.Today, the Government of India hosted its first-ever National Logistics Excellence Awards.The Ministry of Commerce and Industry and Som Parkash Sharma, the Minister of State for Commerce and Industry, gave out the awards in 12 categories.The National Logistics Excellence Awards are designed to recognize the many logistics service providers in the country that have been able to demonstrate excellence, creativity, and creativity.

To prepare the final deliberations, an Expert Screening Committee of 18 experts and a National Jury of 9 senior dignitaries were formed.The minister emphasized that the logistics sector would be benefitted the most by means of investment in roads, highways, ports, airports, multi-modal terminals, etc.Gati Shakti will aid in effective planning and implementation, ensuring that last-mile connectivity gaps are eliminated.He also informed that the government is actively considering promoting the production of containers and shipbuilding.

The logistics excellence awards should continue to be a biannual event recognized by the government of India, according to MoS Som Parkash Sharma, who said that the delivery of cost-effective logistics helped India overcome the challenges of the COVID-19 pandemic and supported the growth of the Indian economy in recent years.