- Business Standard
Govt and the private sector should work together to cut down logistics cost: Goyal
Union Minister Piyush Goyal on Thursday 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.
The Government of India hosted its first-ever National Logistics Excellence Awards in New Delhi today. Piyush Goyal along with the Minister of State for Commerce and Industry Som Parkash Sharma gave away the awards in 12 categories.
The National Logistics Excellence Awards aim to acknowledge the many logistics service providers in the country that have been able to display innovation, diversity, and efficiency. The minister said going forward, a separate category of awards should be created for MSMEs in the logistics sector given the role played by them.