Government working on single logistic law for all modes of transportation: Union Minister Nitin Gadkari
The Road Transport and Highways Minister further said the public-private partnership model should be encouraged for the development of air cargo infrastructure in the country

The government is working on bringing a single logistic law for all modes of freight transportation to eradicate duplication of processes and simplify procedural requirements, Union minister Nitin Gadkari said on Friday.
The Road Transport and Highways Minister further said the public-private partnership model should be encouraged for the development of air cargo infrastructure in the country.
"The government is working on bringing a single logistic law for all modes of freight transportation to eradicate duplication of processes and simplify procedural requirements.
"This system will facilitate multi-modal transportation in the true sense," Gadkari said while addressing the 12th DACAAI AGM.
While noting that at the moment India's logistic cost is around 14 per cent of gross domestic product (GDP), Gadkari said the government's aim is to reduce the logistic cost to 8 per cent.
He pointed out that in the domestic aviation market, air cargo share is very low and the challenges are many.
"Aviation infrastructure should be developed using the latest technology...If we can make aviation infrastructure efficient and accessible then it will create a huge difference," Gadkari emphasised.
Stating that air cargo has the biggest advantage of speed, he said, "We have a huge flight capacity, utilisation should be improved by taking appropriate measures."
While noting that economic viability is very important, Gadkari said that domestic air cargo is more suitable for the transport of fuels, vegetables, flowers and seafood.
He suggested that old defence aircraft can be used for the transportation of fish and fruits to reduce transit time for such products.
"If we could transport more volume by air then the logistic cost would reduce," the minister said.
Gadkari also said bio-fuels can be used as aviation fuel as aviation turbine fuel (ATF) is costly.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES

LIC Saral Pension Plan: How to get Rs 64,000 annual pension on Rs 10 lakh one-time investment in this annuity scheme that everyone is talking about

Gratuity Calculation: What will be your gratuity on Rs 45,000 last-drawn basic salary for 6 years & 9 months of service?

Rs 1,500 Monthly SIP for 20 Years vs Rs 15,000 Monthly SIP for 5 Years: Know which one can give you higher returns in long term

LIC Saral Pension Plan: How much should you invest one time to get Rs 64,000 annual pension for life?

Income Tax Calculations: What will be your tax liability if your salary is Rs 8.25 lakh, Rs 14.50 lakh, Rs 20.75 lakh, or Rs 26.10 lakh? See calculations

8th Pay Commission Pension Calculations: Can basic pension be more than Rs 2.75 lakh in new Pay Commission? See how it may be possible

SBI Revamped Gold Deposit Scheme: Do you keep your gold in bank locker? You can also earn interest on it through this SBI scheme

Monthly Pension Calculations: Is your basic pension Rs 26,000, Rs 38,000, or Rs 47,000? Know what can be your total pension as per latest DR rates
08:50 PM IST