Wednesday, March 15, 2017

Aviation to become part of multi-modal logistics hubs: Gadkari

New Delhi: Aviation sector will now be a part of multi-modal logistics hubs in India to promote holistic logistics solutions, union minister Nitin Gadkari said today.
So far, highways, ports, inland waterways and railways were part of the multi-modal logistics hubs in India.
Development of integrated logistics solutions will be part of Prime Minister’s Flagship ‘Make in India’ programme.
“Government will bring aviation sector this time into multi-modal hubs as it has huge potential in the logistic sector also,” road transport, highways and shipping minister Gadkari said at a curtain-raiser event on India’s first Integrated Transport and Logistic Summit on May 3-5.
The summit is expected to attract investments to the tune of Rs 50,000 crore, he said.
The minister said that to transforming India’s logistics from a point-to-point model to hub-and-spoke model is an effort to reduce logistics cost and ensure that multi-modal infrastructure comes up in the country in an integrated manner.
India is a growing economy and the high cost of logistics — currently at 14 per cent of GDP — is having a negative effect, he said.
15/03/17 PTI/