India needs to embrace new technology and can save up to Rs 20,000 crore by using AI for cargo handling at ports, said Member of Economic Advisory Council to PM Gourav Vallabh on Tuesday.
Speaking at session ‘AI-Powered Ports: Reimagining Efficiency and Operations’ at the AI Impact Summit here, Vallabh said India is emerging as a global leader in the field of new technology.
“There is an approximate saving by uses of AI of Rs 20,000 crore in our handling.. And every year we can save Rs 15,000 crore as far as the logistic cost is concerned,” he said.
The question is not whether AI will transform India’s ports, Vallabh said adding “the question is whether we are going to lead it or not.”
He noted that India’s logistics cost at 7.97 per cent of GDP is competitive, “but for Viksit Bharat 2047 aim, our ports should be intelligent and should have intelligent ecosystem.”
He said India needs accelerated policy initiatives to reduce the logistics cost.
He pointed out that 95 per cent ofIndia needs to embrace new technology and can save up to Rs 20,000 crore by using AI for cargo handling at ports, said Member of Economic Advisory Council to PM Gourav Vallabh on Tuesday.
Speaking at session ‘AI-Powered Ports: Reimagining Efficiency and Operations’ at the AI Impact Summit here, Vallabh said India is emerging as a global leader in the field of new technology.
“There is an approximate saving by uses of AI of Rs 20,000 crore in our handling.. And every year we can save Rs 15,000 crore as far as the logistic cost is concerned,” he said.
The question is not whether AI will transform India’s ports, Vallabh said adding “the question is whether we are going to lead it or not.”
He noted that India’s logistics cost at 7.97 per cent of GDP is competitive, “but for Viksit Bharat 2047 aim, our ports should be intelligent and should have intelligent ecosystem.”
He said India needs accelerated policy initiatives to reduce the logistics cost.
He pointed out that 95 per cent of Latest News [ SOBAN NEWS: International and National ]
