India's Bold Move to Reduce Logistics Costs

Union road transport and highways minister Nitin Gadkari announced a significant reduction in India's logistics costs, aiming for single digits by the end of 2026. This strategic move is expected to bolster India's competitiveness in global trade.

Current Logistics Costs: India currently faces logistics costs of around 14-16%, significantly higher than China's 8% and the US and Europe's 12%. Gadkari's announcement marks a pivotal step towards making Indian exports more competitive on the global stage.

Major Infrastructure Projects Inaugurated

Prime Minister Narendra Modi inaugurated two major National Highway projects, the Delhi section of the Dwarka Expressway and the Urban Extension Road-II (UER-II), with a combined worth of nearly Rs 11,000 crore. These projects are set to revolutionize connectivity and ease traffic congestion in Delhi NCR.

Dwarka Expressway: The 10.1 km Delhi section, costing Rs 5,360 crore, promises multi-modal connectivity to key locations, including the Yashobhoomi Convention Centre and upcoming Bijwasan railway station.

UER-II: Developed at a cost of Rs 5,580 crore, this corridor aims to alleviate traffic on Delhi’s Inner and Outer Ring Roads, enhancing industrial connectivity in NCR.

Impact on Traffic and Industry

Gadkari highlighted the projects' potential to reduce traffic congestion in Delhi by up to 50%, offering relief to millions and boosting industrial growth in the region.