Speaking at an event I Chennai last week, he said it will be the result of
improving efficiency as well as the function of moving up the value chain.
"Moving up from raw material being the important material (in exports) to
having more and more value-added products, which have significant quality and
technology behind them."
The value proposition of
the finished product going up will also have an impact on the cost of logistics
in the country, he added. The minister said the logistics costs are showing a downward trajectory,
referring to the DPIIT and National Council of Applied Economic Research
(NCAER) report. It states logistics cost in the country has reduced to a range
of 7.8- 8.9 per cent of the GDP in 2021-22 from 8.8 per cent in 2012-13.
PiyushGoyal said logistics can be the centre piece of development vision
and the country should focus on skill development, capacity building, more
formalization of the logistics sector and use of technology. Emphasizing the
participation of states, he said that
all states should have a logistics policy and monitoring framework in line with
national policy