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Coastal transport to bring down logistics costs in India

Coastal transport to bring down logistics costs in India

The government is working towards lowering logistics costs to 12% from the current 18% by developing coastal shipping and inland waterways as alternative modes of transport. Movement of cargo through coastal shipping has inherent advantages over land modes of transport such as road and rail as it is more cost-effective, causes less pollution, reduces congestion on land and can cater to huge parcel sizes. Nitin Gadkari has urged all manufacturers to make use of coastal shipping for transporting goods “as this can be a key enabler for reduction of logistics cost for domestic and EXIM (export-import) trade of India”. Read more

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