Logistic cost in India to come down to 9 pc in 2 years: Nitin Gadkari

Union Minister Nitin Gadkari projects India's logistics cost to fall to 9% in two years. This reduction aims to enhance global competitiveness. Current logistics costs are 14-16%, compared to 8% in China and 12% in the US and Europe. The automobile industry plays a key role in India's economic growth.