Prabhu: Govt taking steps to cut logistics hurdles for trade

The Government is taking legislative as well as administrative measures for an integrated strategy to reduce logistics related hurdles for boosting domestic and global trade, Commerce Minister Suresh Prabhu said on Monday.

High cost of logistics impacts competitiveness and movement of goods, he said.

The Indian logistics industry is estimated at around USD 215 billion, which is growing at over 10 per cent annually.

“We have to increase our share in global trade and logistics plays a very important role in that,” Prabhu said while launching a logo for India Logistics. The logo was designed by the National Institute of Design.