Profit Sheets

India can save fuel worth Rs 3.11 lakh crore till 2050; here’s how

June 9, 2021 11:25 PM

India can save fuel worth Rs 3.11 lakh crore till 2050; here's how
India can save fuel worth Rs 3.11 lakh crore till 2050; It further stated that India also has the capability to "reduce nitrogen oxide (NOx) and particulate matter

India can save fuel worth Rs 3.11 lakh crore till 2050 by deploying clean and cost-effective mode of transportation for goods, as per a report from NITI Aayog and Rocky Mountain Institute (RMI).

The report stated that India can lower its logistics’ cost by 4% of the country’s GDP (Gross Domestic Product) and cut down 10 gigatonnes of carbon dioxide emissions till 2030 by taking these measures. Currently, logistics includes around 13% of the total costs for the companies in the country, making exports uncompetitive in comparison with China.

Also Read: IndiGo hopes to attain pre-COVID-19 traffic by Q2 of 2022

“Due to the rising demand for goods and services, freight transport demand is expected to grow rapidly in the future. While freight transport is essential to economic development, it is plagued by high logistics costs and contributes to rising CO2 (carbon dioxide) emissions, and air pollution in cities,” according to the report titled “Fast Tracking Freight in India: A Roadmap for Clean and Cost-Effective Goods Transport”.

India can save fuel worth Rs 3.11 lakh crore till 2050; It further stated that India also has the capability to “reduce nitrogen oxide (NOx) and particulate matter (PM) emissions by 35% and 28%, respectively, until 2050”.

“India handles 4.6 billion tonnes of goods each year, amounting to a total annual cost of Rs 9.5 lakh crore (trillion),” the report noted. This comes at a time when the country is running the world’s largest clean energy programme and is looking for a global leadership role in battling climate change.

Leave a comment

Your email address will not be published. Required fields are marked *

NSE Top Gainers/Losers
COMPANY LTP %CHNG VOLUME
ITC 253.75 1.83 1,26,68,576
M&M 807.10 1.73 48,32,584
JSWSTEEL 728.65 1.55 42,75,780
TATACONSUM 776.30 1.36 21,46,724
HINDUNILVR 2,043.00 1.34 16,38,568
COMPANY LTP %CHNG VOLUME
HINDALCO 569.90 -4.98 1,67,38,310
DIVISLAB 4,431.15 -2.37 3,48,495
APOLLOHOSP 4,525.45 -1.94 8,77,622
RELIANCE 2,634.00 -1.46 33,99,115
CIPLA 1,014.65 -1.39 12,17,592