India Targets Single-Digit Logistics Costs to Compete with China & US: Nitin Gadkari

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The 32nd Convergence India & 10th Smart Cities India was inaugurated by Sri.Nitin Gadkari, Hon’ble Minister for Road Transport & Highways, Government of India. In his speech, the Hon’ble Minister stated, “India’s economy is growing rapidly, with infrastructure development playing a key role. Our goal is to reduce logistics costs from 14-16% to single digits, making us more competitive with China and the US.”

Under the theme “Imagining an AI-Driven Future Today: Innovating for a Better Tomorrow,” the 32nd Convergence India and 10th Smart Cities India expo is being organised by the Exhibitions India Group (EIG) and India Trade Promotion Organisation (ITPO) at Bharat Manadapam, New Delhi. Over the next three days, an impressive audience of over 50,000 will visit the venue, where they will get to explore and experience technologies, gadgets, and innovations presented by 1,000 exhibitors from 28 countries. Notably, a large contingent of 200 startups mark their presence in a display of their growing capabilities in new-age technologies. 

Speaking about the event, Ms Chandrika Behl, Managing Director, Exhibitions India Group, said, “Convergence India has remained a popular destination for brands looking to showcase their product profile to a diverse audience comprising industry representatives, tech experts, think tanks, and government bodies. Our focus is to create an engaging experience for the participants and visitors alike and help them explore the immersive world of technology. We invite all to visit, indulge and expand your horizons at this technology extravaganza.” 

In addition to solutions in 5G & 6G, AI, Big Data, IoT, Cybersecurity, AR/VR, Embedded Tech, EMS, Fintech, Urban Mobility, Smart City Solutions, etc., on display at this year’s event, visitors can also enjoy offerings in Digital Gaming, Mobile Devices & Accessories, OTT, Security & Surveillance, E-commerce, Mobile Apps, Drone Tech, and more! The launch of the first edition of AI Bharat Expo focusing on the convergence of artificial intelligence and its uses in the industrial and retail ecosystem is among the highlights of this technology spectacle.

Another crowd-puller is the Startup Hub, featuring over 250 startups presenting innovations in emerging technologies, ICT, and Smart City solutions. It will facilitate mentoring opportunities by ecosystem pioneers, curated conference sessions, a Startup Pitch competition, and Investor & Startup meets. The popular Smart City & Fintech Innovation Awards will catapult this ecosystem to the next level.

The expo will also host approx. 40 conference sessions during the three days to facilitate discussions among the government & industry representatives, innovators, think tanks, and academia on the latest developments and market trends impacting India’s digital revolution and urban landscape. During a session, Sanket Bhondve, Joint Secretary, Ministry of Electronics & IT, observed, “India has one of the world’s largest energy data sets, monitoring 3 lakh circuit km of transmission lines and 4 lakh MW of generation capacity, offering unmatched insights to enhance grid efficiency and drive data-driven decision-making.”

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