Thursday, August 7, 2025
  • Home
  • About us
  • Privacy policy
  • Advertise with us
  • Contact us
Fii News Logo
No Result
View All Result
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports
Newsletter
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports
Fiinews
No Result
View All Result
Home Banking & Finance

Inefficient logistics impact economy

Fiinews by Fiinews
April 7, 2018
in Banking & Finance, Economy, Industry Sectors, Investment, Technology
Reading Time: 1 min read
A A
0
0
SHARES
13
VIEWS
LinkedinShare on Twitter

0:00

India needs to make industry competitive

Minister of State for Commerce and Industry, C R Chaudhary, says India is losing 14% of GDP due to inefficient logistics which impacts the competitiveness of Indian products.

Chaudhary outlined various initiatives taken by the government to develop the Transport and Logistics sector in the country.

He was delivering the valedictory address on 6 April 2018 at Global Logistics Summit jointly organised by FICCI; Ministry of Commerce, and World Bank Group.

“Logistics is an important sector and it is clear that the government is giving importance to the development of better connectivity with projects like Bharatmala Pariyojana, Sagar Mala project and UDAN scheme which will boost the logistics system in the country,” he said.

India needs to make the industry competitive, added Ramesh Abhishek, Secretary, Department of Industrial Policy & Promotion.

He further added that cost of various other things also need to be competitive and logistics contributes majorly to the cost of manufacturing and services and is now getting the long due importance.

“Much needed capital investments are being made, infrastructure development is taking place and thrust is on timely completion of projects. GST is playing an important role in the logistics sector and ease of doing business scenario is also improving, said Abhishek. fii-news.com

Tags: Ministry of Commerce and Industry
ShareTweetShare

Related Posts

Synechron Logo
Technology

Tech: Synechron expands CyberAI program

by Fiinews
August 7, 2025
0
13

Kumar empowers businesses to proactively manage risks New York-headquartered Synechron, a leading global digital transformation consulting firm with global network,...

ERGO
Technology

Tech: CamCom-ERGO work in Europe

by Fiinews
August 5, 2025
0
13

Sham committed to deliver scalable AI solutions CamCom Technologies, an award-winning, industry-agnostic computer vision company headquartered in Bengaluru, will serve...

Bsnl

Tech: BSNL-NRL work on 5G CNPN

August 5, 2025
14
CM Naidu 3

Invest: AP CM woes Singapore investors

August 2, 2025
23
Dr Jitendra Singh Deep Tech

Tech: India to launch Deep-Tech Fund of Funds

August 2, 2025
20
Alberta Innovates

Market: Prodapt expands Alberta operations

July 31, 2025
13
SBI YONO

POPULAR NEWS

  • Cristina Dnv

    Projects: Indian yards set to build green ships, says DNV expert

    0 shares
    Share 0 Tweet 0
  • Market: Indian-origin UGF scales heritage consumer brands globally

    0 shares
    Share 0 Tweet 0
  • Technologies: Royal Diamond sponsors aerspace Industries’ drones in UAE

    0 shares
    Share 0 Tweet 0
  • Investments: Foreign investors see India as long-term destination for fund placings

    0 shares
    Share 0 Tweet 0
  • Markets: Blue Dart maintains positive outlook on India

    0 shares
    Share 0 Tweet 0

Fiinews.com features through news articles on business opportunities in the Indian market for the benefits of foreigners. It is also a platform for international businesses to showcase through elaborate articles on their products & services to the Indian consumers and corporations exploiting industrialisation of the country.

7Clicks Media is a Singapore based Media & PR company offering over 100,000
impressions via our targeted communication strategy.

It is led by editor-in-chief Gurdip Singh who has worked over 45 years reporting on
Asian businesses.

Recent News

  • Market: Wisely.ai handles spams-scams in Indonesia
  • Market: Green Ammonia priced at Rs.55.75/kg
  • Project: 5G-6G under TTDF development
  • Manufacturing: Companies adopt underground mining technologies
  • Tender: 12 rail projects sanctioned for NER

Pages

  • About US
  • ADVERTISE ON FIINEWS.COM
  • CONTACT US
  • EVENTS
  • FII-NEWS.COM PDF ARCHIVE
  • Home
  • News
  • PRIVACY POLICY

Subscribe to Newsletter

  • About
  • Advertise
  • Careers
  • Contact us

© 2024 FIINEWS - Design and developed by 7clicksmedia.

No Result
View All Result
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports

© 2024 FIINEWS - Design and developed by 7clicksmedia.