PM's JAL MARG VIKASH Project Drawing Global attention
Jal Marg Vikash project will help to Save Logistics cost Rs 24 Lakh crore by 2024 ,when GDP will 350 Lakh cr ($5 trillion)
This project will help india to reduce logistics cost to 6- 7% by 2024 from current level 14- 15% of GDP.India could save approx Rs24 trillion per annum.
●India Rank 44 in World Bank logistics index -2018,india's logistics cost higher 14% than global average 6%.
●Germany Rank -1,Japan -5,UK -9, USA -14,France-16 and China -26.
●waterways transport in Germany 20%, china 10%,USA 9%,European countries 8%, and india less than one percent,only 0.5%.
Logistics sector plays a vital role in economic growth.We know ✔#Freight Transprotation in india #67% by Road🚛, 28% by Railways🚆,4.5% by air ✈️and costal shipping 🛳️and ⬇️0.5% by waterways🚤. And ✔ Transprotation Cost -Rs 2.70 per tonnes per km through Road, Rs 1.5 per km through Railways & 25 Paisa through Inland Waterways.
we know india's logistics costs higher than global average....Inefficiencies in the logistics chain india Losses approx Rs 12 lakh crore per year.
Logistics costs in India are approximately $380 billion per annum(Rs 26 Lakh cr),which account for 14% of GDP. This is higher than the global average of 6 % ,as the Indian logistics sector is largely unorganised and inefficient compared with its global counterparts.
waterways transport playing a very Crucial role in developed countries.waterways transport in ,Germany 23%,china 12%,USA 10%,European countries 9% and india only 0.5%.....though India is a land of rivers.... India has nearly 17000 km of navigable waterway.
Present govt has taken ✔Jal Marg Vikash project ,india's first multi-model terminal on inland waterways, aims at developing the stretch of the river between varanasi and Haldia for navigation of large vessels weight up to 1500-2000 tonnes(equivalent to 115 two axle truck , capacity 18 tonnes).
This project will contribute in bringing down the logistics cost in the country and will provide an alternative mode of transport which will be environment friendly and cost effective.
✔This project will help india to reduce logistics cost 5-6% from 14% by 2024.India could save Rs 24 trillion per annum by 2024.
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