3 October 2022

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Prime Minister launches National Logistics Policy


Prime Minister, Shri Narendra Modi launched the National Logistics Policy. Addressing the gathering, the Prime Minister said that India is emerging as a world manufacturing hub. Further, referring to logistics as the lifeline of the economy, the Commerce Minister said that the National Logistics Policy would give India’s logistics sector a new direction and take it to greater heights. He observed that, COVID-19 had displayed the strength of India’s logistics sector in front of the world.

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 Minister expressed confidence that the implementation of the National Logistics Policy would bring down logistics costs, give a fillip to international trade, help in making India ‘atmanirbhar’ or self-reliant, usher in prosperity in the nation and present new opportunities to our startups. The policy would be highly beneficial to the farmers of the country, helping them to take their produce to the markets at a faster pace and reduce wastage and delay. This would bring down prices in the economy as well.

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. The 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.

Tags : Policy Launch Logistics

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