He said that National Logistics Policy, which is under consultation, along with the National Logistics Council and State Logistics Coordination Committee, will work as a template for better coordination and integrated development for logistics centre.
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The Minister said that Logistics is all about 5R's: Getting the Right product - In the Right condition - At the Right place - At the Right time - To the Right customer.
India has a $200 billion logistics ecosystem. A good part of it is supported by the Indian Railways.
Citing studies, the minister said that about 13-14 per cent cost of a product is logistics, and "we wish to bring it down to about 8 per cent".