Aviation sector will now be a part of multi-modal logistics hubs in India to promote holistic logistics solutions, union minister, Nitin Gadkarisaid. At present highways, ports, inland waterways and railways are part of the planned multi-modal logistics hubs in India. The new plan projects the logistics sector to grow to USD 360 billion by 2032 from the present USD 115 billion. The Central Government is setting up 400 regional airports and they will have pre-cooling cold storages among other logistics solutions, Road Transport, Highways and Shipping Minister, Gadkari said. Development of integrated logistics solutions will be part of the Prime Minister’s Flagship ‘Make in India‘ programme, he said at a curtain-raiser event on India’s first Integrated Transport and Logistic Summit on May 3-5, 2017. The minister said that the summit is expected to attract investments to the tune of Rs 50,000 crore. Transforming India’s logistics from a point-to-point model to hub-and-spoke model is aimed at reducing logistics cost, he said. He further said an effective multi-modal logistics and transport sector will make India’s economy more competitive. He said multiple initiatives to improve logistics efficiency are already underway including building of economic corridors apart from multi-modal Logistics parks.
Image source: World Airport Awards