Govt. and private sector should work together to bring down logistics cost: Piyush Goyal
Supply Chain

Govt. and private sector should work together to bring down logistics cost: Piyush Goyal

The expansion of infrastructure spending from Rs. 2.5 lakh crore to Rs. 7.5 lakh crore and Gati Shakti will benefit the logistics sector.

  • By ICN Bureau | June 24, 2022

The Government of India hosted its first-ever National Logistics Excellence Awards in New Delhi yesterday. The National Logistics Excellence Awards aim to acknowledge the many logistics service providers in the country that have been able to display innovation, diversity and efficiency.

The expansion of infrastructure spending from Rs. 2.5 lakh crore to Rs. 7.5 lakh crore and Gati Shakti will benefit the logistics sector most with investment across roads, highways, ports, airports, multi-modal terminals etc.

Speaking on Government of India first-ever National Logistics Excellence Awards in New Delhi, Union Minister for Commerce & Industry, Consumer Affairs, Food and Public Distribution and Textiles, Piyush Goyal urged the industry to work with the government to bring down the logistics cost from 12-14% to 7-8% as prevailing in the developed countries.

The minister emphasized that the expansion of infrastructure spending from Rs. 2.5 lakh crore to Rs. 7.5 lakh crore and Gati Shakti will benefit the logistics sector most with investment across roads, highways, ports, airports, multi-modal terminals etc.

Goyal said, "GatiShakti will help in efficient planning and implementation, thereby ensuring that last-mile connectivity related issues are not there. The government is actively thinking of promoting manufacturing of containers and ship-building."

The Minister of State for Commerce and Industry, Som Parkash Sharma said that the availability of cost-effective logistics is critical for growth of the Industries and Indian economy and that adoption of technologies and upgradation of skill levels of human resources engaged in the sector is a must.

National Logistics Excellence Awards 2021 Winners

Best Cargo Airline & Terminal Operator – FedEx Express Transportation and Supply Chain Services (India)

Best Road Freight Service Provider – DHL Supply Chain India

Best Rail Freight Service Provider – Adani Logistics

Best Shipping & NVOCC service Provider – Maersk India

Best Port Service Provider – DP World

Best Warehouse service provider – Transport Corporation of India Through TCI Supply Chain Solutions)

Best Cold Chain/Refrigerated service provider - Transport Corporation of India (Through TCI Supply Chain Solutions)

Best Express Logistics Service Provider – Safexpress

Best Logistics infrastructure and service provider – Adani Logistics

Best Freight Forwarders – Kuehne + Nagel

Best Customs House Agent/Customs broker – International Clearing & Shipping Agency (India)

Industry Excellence Award – Sun Pharmaceutical Industries

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