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Govt taking steps to reduce high logistics cost to fuel economic growth: Mandaviya
Aug-05-2020

Shipping Minister Mansukh Mandaviya has said that the government has taken a several steps to reduce high logistics cost in India, including strengthening inland waterways to transport cargo in a cost-effective manner. He said ‘we have made 1,400 km of inland waterways operational. He noted that the aim of creating a network of waterways is to greatly reduce logistics costs, boost exports and make the country self-reliant, as per the government’s 'Atmanirbhar Bharat' initiative. 

Besides, the minister has urged private players to join hands with government in public private partnership (PPP) projects including ports to fuel economic growth. He also urged private sector companies to come forward for initiatives like indigenous building of cranes for ports which so far were being imported at an annual cost of about Rs 10,000 crore. He said the shipping ministry has taken initiatives like introducing the 'PCSIx' platform to reduce logistics costs.

He further said inter-ministerial consultations were on to boost multimodal transport in the country. He noted that enhanced focus on waterways has resulted in higher cargo movement on inland waterways as well as the Indo-Bangladesh protocol route which has enabled faster delivery of cargo to north eastern states, including Tripura. He added that only about 67 of the country's 200 ports are functional at present and a number of steps have been initiated to develop all the ports.

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