The Prime Minister said, Government is changing the name of the Ministry of Shipping and it will be known as the Ministry of Ports, Shipping and Waterways. Mr.Modi has said that to reduce the expenditure on logistics, India is fast developing multimodal connectivity.
He said that we are trying to interconnect the infrastructure related to road, rail, air and shipping and removing the silos in this process. He said that we are still spending more money on transportation in comparison to the other nation. We can reduce the cost of logistics through water transport.
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