Prime Minister, Shri Narendra Modi launched the National Logistics Policy in New Delhi on September 18. Addressing the gathering, the Prime Minister said that India had taken yet another important step towards becoming a developed nation with the National Logistics Policy.
Key points
- The vision of the policy is to develop a technologically enabled, integrated, cost-efficient, resilient, sustainable and trusted logistics ecosystem in the country for accelerated and inclusive growth.
- The policy aspires to reduce cost of logistics in India to be comparable to global benchmarks by 2030, endeavour to be among top 25 countries by 2030 in the Logistics Performance Index ranking, and create data driven decision support mechanism for an efficient logistics ecosystem.
- An umbrella policy for the logistics sector has been in the works for around three-four years. It was felt that the logistics cost in India is high compared to other developed economies.
- India’s logistics cost as a proportion of the Gross Domestic Product (GDP) is believed to be around 13-14 per cent.
- The government now aims to bring it down to single digits as soon as possible. he Policy will be implemented through a Comprehensive Logistics Action Plan (CLAP).
- The interventions proposed under the CLAP are divided into eight key action areas:(i) Integrated Digital Logistics Systems (ii) Standardisation of physical assets and benchmarking service quality standards (iii) Logistics Human Resources Development and Capacity Building (iv) State Engagement (v) EXIM (Export-Import) Logistics (vi) Service Improvement framework (vii) Sectoral Plan for Efficient Logistics (viii) Facilitation of Development of Logistics Parks.
