Piyush Goyal, Union Minister for Railways, Commerce & Industry and Consumer Affairs, Food & Public Distribution, Govt of India these days stated that the authorities is operating to make certain that the whole rail community may be completely electrified through December 2023 and the whole rail community will run on renewable power through 2030. Addressing the digital session ‘Investment Opportunities in Andhra Pradesh’, in the course of the Maritime India Summit 2021, prepared through the Ministry of Ports, Shipping and Waterways, collectively with FICCI, Goyal stated that India has had a wonderful maritime records and are at the course to construct a fair extra maritime future.

In the final 6 years, the capability of India’s most important ports has nearly doubled. Goyal similarly stated that we want to lessen our logistics price in order that the worldwide and home freight fees will lessen from 13-14% price of products to a greater applicable worldwide benchmark of eight%.

Need of the hour is to lessen logistics price

Commerce and Industry Minister Piyush Goyal on Wednesday stated the want of the hour is to lessen logistics price withinside the united states of america as India can not be aggressive if this price stays high.

He additionally stated the investments withinside the Sagarmala venture will increase the united states of america’s maritime infrastructure, amplify freight corridors, make freight greater price-powerful and produce down the current logistics price, that is anticipated to be approximately 13-14 in step with cent.

The investments could assist in lowering this price to a greater applicable benchmark of eight in step with cent, and that is “the want of the hour these days and India can not be aggressive so long as our logistics price stay so high”, he stated on the Maritime India Summit.

The Sagarmala venture targets at augmenting infrastructure in coastal regions of the united states of america.