Govt to formulate logistic law for ferrying freight: Gadkari

To eradicate duplication and simplify procedural requirements, Nitin Gadkari, Union Road Transport and Highways Minister said the central government is working on bringing a single logistic law for all modes of freight transportation. The PPP model should be encouraged for the development of air cargo infrastructure in India, the minister added. Addressing the 12th DACAAI Convention, the minister said, “The Centre is working on bringing a single logistic law for all modes of freight transportation to eradicate duplication of processes and simplify procedural needs. This system will facilitate multimodal transportation in the truest sense.” Gadkari added that the government is working towards reducing logistics cost to 8 per cent, citing India’s logistics cost is around 14 per cent of GDP currently.