Govt to reduce logistics cost for steel cos

摘要

The government assured steel makers that it will take appropriate measures to reduce the logistics cost of products that currently reaches as high as 28 per cent. Speaking at a FICCI-organised webinar on 'Supportive Logistics for Indian Iron and Steel Industry', Minister of State for Steel Faggan Singh Kulaste told the participants that high cost of logistics is also a matter of concern for the ministry. He sought suggestions from the stakeholders on how to reduce the logistics cost of raw materials and assured them that the ministry will take steps accordingly. Kulaste said India has a target to produce 255 million tonne of steel by 2030. "In this context, from mines to the last-mile customer, about 800-850 million tonne of raw material would require logistics. We will need huge infrastructure for this," he said.