New Delhi, March 3 -- The government has set an ambitious target to reduce logistics costs from the current 13-14 per cent to global standards of around 8 per cent, with the Central Warehousing Corporation (CWC) playing a pivotal role in this nationwide transformation effort.

Food Minister Pralhad Joshi, while addressing the CWC's 69th Foundation Day, stated, "With the launch of the National Logistics Policy and the PM Gati Shakti Programme, we aim to bring down logistics costs from the existing 13-14 per cent to global standards of around 8 per cent."

Joshi then emphasised, "CWC, as a leading warehousing organisation, is poised to support these objectives through modern infrastructure development and efficiency enhancements."

The mini...