India charts out logistics path to slash costs

India, world’s second-largest steel producer, is planning a multi-pronged approach to slash the significant cost of logistics that is eroding the metal’s global competitiveness, Minister of State for Steel Faggan Singh Kulaste said on Wednesday.

Speaking at a webinar titled “Supportive Logistics for Indian Iron and Steel, the minister said the government is aiming to help the industry achieve just in time steel production through stronger linkages of railways, roads and ports. At the same time, India plans to establish clusters for steel, he