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Union Minister Piyush Goyal has urged the Commerce industry to work with the government to bring down the logistics cost from 12-14 percent to 7-8 percent as prevailing in the developed countries. Further, the minister emphasized the expansion of infra spending from Rs 2.5 lakh crore to Rs 7.5 lakh crore and Gati Shakti will benefit the logistics sector most with investment across roads, highways, ports, airports, multi-modal terminals, etc.

He said that GatiShakti will help in efficient planning and implementation, thereby ensuring that last-mile connectivity-related issues are not there. He also stated that the government is actively thinking of promoting the manufacturing of containers and ship-building.

Besides, he appreciated the role played by the logistics sector during the COVID-19 pandemic. He said the resilient and efficient supply chains developed by the operators in the logistics sector helped India overcome the challenges of the COVID-19 pandemic and supported the growth in trade seen over the last two years.