Goyal for cutting logistics cost

New Delhi: Ministries of commerce, road, civil aviation and railways should work in coordination with an aim to cut the logistics cost to 9 per cent of GDP from the current 14 per cent, Union Minister Piyush Goyal said on Thursday.

The commerce and industry minister made the remark while reviewing the draft National Logistics Policy and the proposed action plan for its implementation.

The draft was prepared in consultation with ministries of railways, road transport and highways, shipping and civil aviation.

Goyal directed the four ministries to work in coordination so that the 14 per cent logistics cost may be brought down to 9 per cent.

In the meeting, all aspects of logistics related to railways, civil aviation, shipping and inland waterways, road transport, rope ways warehousing, and cold chain were discussed in detail, a commerce ministry statement said quoting Goyal.