Kolkata:
Due to the ongoing war between Russia and Ukraine, Indian exporters are sitting on large orders as logistics costs have risen sharply, union minister Nitin Gadkari said on Saturday.
He said exporters are concerned about container availability and port-related issues.
“Due to these complications, the industry cannot take advantage of such large orders from exporters,” the Minister of Roads said at an industry event.
Mr Gadkari said the country should reduce its dependence on crude oil, which is the industry of the hour, and opt for alternative fuel such as green hydrogen.
He added that the government is in the process of establishing 35 multimodal logistics parks (MMLP), which would help the Indian export sector become more competitive in the international market.
The minister informed that the parks will be developed on the basis of public-private partnership with a capital investment of Rs 46,000 crore.