Speaking in an interview to CNBC-TV18, Kalyani said the scale of private investment currently underway in sectors such as electronics, data centres and manufacturing would have been “unimaginable” just five years ago, underscoring the progress made in improving the investment climate.
However, he stressed that the next phase of growth hinges on creating a stronger supporting ecosystem. “What is important now is clean cities, better roads, faster logistics and lower logistics costs,” Kalyani said, pointing to structural bottlenecks that continue to weigh on competitiveness.
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India’s logistics costs remain elevated at around 16–17% of GDP, significantly higher than China’s 7–8%, he noted. Closing this gap, Kalyani argued, would be critical to unleashing private investment at scale and improving efficiency across manufacturing and supply chains.
With global companies increasingly looking to diversify supply chains, Kalyani said targeted improvements in infrastructure and logistics could help India convert current investment momentum into durable, high-growth outcomes over the medium term.
Watch accompanying video for entire conversation.
