Govt taking steps to cut logistics hurdles for trade : Suresh Prabhu
The Government is taking legislative as well as administrative measures for an integrated strategy to reduce logistics related hurdles for boosting domestic and global trade, Commerce Minister Suresh Prabhu said recently. High cost of logistics impacts competitiveness and movement of goods, he said.
The Indian logistics industry is estimated at around USD 215 billion, which is growing at over 10 per cent annually.
“We have to increase our share in global trade and logistics plays a very important role in that,” Prabhu further added.