Calling for a healthy flow of investments into the logistics sector in India, Andhra Pradesh Chief Minister Y S Jagan Mohan Reddy, who was at the NITI Aayog Governing Council session in Delhi on Saturday, said that high logistics costs are hampering India's growth and curtailing the competitiveness of its products globally.
Underlining the share of logistics in India's GDP, which stands at a high 14 per cent compared to 7.5 per cent in the United States, Reddy emphasised the crucial nature of the sector and the costs involved. He sought continuing investments as seen in the past nine years to ensure rapid economic progress of the country.
The Chief Minister submitted a note to the Governing Council showcasing the steps taken by Andhra Pradesh to strengthen sectors such as logistics, public health, skill development and social and economic empowerment of women, said a press note shared by the state government on Saturday.
"Laying emphasis on port-based development, we are establishi
