New Delhi: Prime Minister Narendra Modi is set to launch the National Logistics Policy, which seeks to bring down the cost and bring about efficiency in the sector, at a function held here on Saturday.
Officials said that the need for the policy was being felt since the logistics cost in India is high as compared to other developed economies. It is imperative to reduce the logistics cost to improve the competitiveness of Indian goods both in domestic as well as foreign markets. Reduced logistics cost improves efficiency cutting across various sectors of the economy, encouraging value addition and enterprise.
Since 2014, the government has put significant emphasis on improving both ‘ease of doing business’ and ‘ease of living’. National Logistics Policy, a comprehensive effort to address issues of high cost and inefficiency by laying down an overarching interdisciplinary, cross-sectoral and multi-jurisdictional framework for the development of the entire logistics ecosystem, is yet another step in this direction.
The policy is an endeavour to improve competitiveness of Indian goods, enhancing economic growth and increasing employment opportunities.
It has been the vision of the Prime Minister to develop world class modern infrastructure through integration of all stakeholders in holistic planning and implementation so that efficiency and synergy is achieved in the execution of the project.
The PM GatiShakti-National Master Plan for muti-modal connectivity-launched by the Prime Minister last year, was a pioneering step in this direction. PM GatiShakti will get further boost and complementarity with the launch of National Logistics Policy.
In September 2019, the Union commerce ministry had prepared the draft logistics policy and sent it for the cabinet approval. The policy, officials said, seeks to promote seamless movement of goods across the country and reduce the cost of transportation to the traders.