National Logistics Policy launched to bring down logistics costs

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Prime Minister Narendra Modi while launching National Logistics Policy said logistic cost must be brought down from 13 per cent to single digit. He said the policy would act as a guiding force. Especially the drone technology is going to emerge as an important aspect of logistics for the remote areas.

Also present on the occasion, Commerce Minister, Piyush Goyal referred to logistics as the economy’s lifeline and said, the National Logistics Policy would give a fillip to the international trade. He added that  the policy would help the farmers in quickly transporting their produce to the market besides reducing wastage as well as delay.

In addition to National Logistics Policy, Bharatmaala, UDAAN, National Infrastructure Pipeline, Sagarmala, etc are among the crucial initiatives undertaken by India to strengthen its transport infrastructure. According to Goyal, PM GatiShakti National Master Plan together with National Logistics Policy will work as double engines for logistics.

The  policy with its vision to develop an integrated and technologically enabled, sustainable and cost-efficient logistics ecosystem in the country, aspires to reduce logistics cost drastically. It’s aimed at setting a global benchmark and supporting the country’s  endeavour to figure itself in Logistics Performance Index ranking  among the top 25 countries by 2030.

Implemented through a Comprehensive Logistics Action Plan, the policy will be focused on several key action areas comprising Facilitation of Development of Logistics Parks, Export-Import Logistics, Sectoral Plan for Efficient Logistics, among others.

 

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