India govt to bring down logistic costs to 9pc of GDP.

In his address to stakeholders of the shipping industry, Indian Minister of Shipping Mansukh Mandaviya said the Centre plans to bring down logistics cost down from 14 percent of the GDP to 9 percent.

The Minister was speaking at FICCI's summit on Fueling the Maritime Sector: IMO 2020 and Beyond. He said that he would represent India and its interests at the next meet of International Maritime Organisation (IMO).

He also stated that very little has been done on coastal shipping and inland waterways in the past, and there is a need to work on the grassroots level in the...

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