NITI Aayog, Rocky Mountain Institute (RMI) and RMI India’s new report, “Fast Tracking Freight in India: A Roadmap for Clean and Cost-Effective Goods Transport”, present key opportunities for India to reduce its logistics costs.
The report outlines solutions for freight sector related to policy, Technology, Business models and infrastructure development
Freight transportation is the process of transporting commodities, goods and cargo balance by land, sea or air
Logistics sector represents 5% of India’s GDP and employs 2.2 crore people.
Due to the rising demand for goods and services, freight transport demand is expected to grow rapidly in the future.
According to the report, India has the potential to
Reduce its logistics cost by 4% of GDP
Achieve 10 gigatonnes of cumulative CO2 emissions savings between 2020 and 2050
Reduce nitrogen oxide (NOx) and particulate matter (PM) emissions by 35% and 28%, respectively, until 2050
Issues
High logistics costs
Contributes to rising CO2 emissions and air pollution in cities.
