PMGS, NLP essential to reduce logistics cost to 8%: Joshi

“With the launch of the National Logistics Policy and the PM Gati Shakti Programme, we aim to bring down logistics costs from the existing 13-14 per cent to global standards of around 8 per cent,” said Pralhad Joshi, Food Minister, while addressing the CWC’s 69th Foundation Day. “The government aims to reduce logistics costs with the Central Warehousing Corporation (CWC) playing a crucial role in this nationwide transformation effort,” he added. “CWC, as a leading warehousing organisation, is poised to support these objectives through modern infrastructure development and efficiency enhancements,” The minister highlighted that CWC, established in 1957, has evolved into a dynamic logistics service provider with an extensive network of over 700 warehouses and an operational storage capacity of 148.29 lakh metric tonnes, an official statement said. The minister also hailed CWC’s successful asset monetisation at 18 locations, which mobilised an investment of Rs 820 crore under the government’s asset monetisation plan. He also commended the corporation’s efforts in improving operational efficiency, transparency, and accountability through digital initiatives.