Cabinet approves National Logistics Policy
The Union Cabinet on Wednesday approved the National Logistics Policy, which aims to cut transportation costs and improve the global performance of the sector.
Launching the policy last week, Prime Minister Narendra Modi had said that “from 13-14 per cent (of GDP), we should all aim to bring down logistics cost to single digits at the earliest”.
The policy aims to reduce the logistics cost in India to achieve the global benchmark by 2030. It seeks to improve India’s ranking from 44th position in the Logistics Performance Index globally in 2018; and creating a data-driven decision support mechanism for an efficient logistics ecosystem, said an official statement.
Briefing reporters about the policy, Information and Broadcasting Minister Anurag Thakur said that the government aims to place India among the top 25 countries by 2030.
The Empowered Group of Secretaries (EGoS) framework under the PM Gati Shakti National Master Plan will oversee the implementation of the policy.
A Service Improvement Group will also be set up to oversee the parameters of processes, regulatory and digital reforms in the logistics sector.
The policy implementation will lay emphasis on warehousing development, standards promotion, digitization and automation in the logistics value chain. Important initiatives under the policy include Unified Logistics Interface Platform (ULIP), Ease of Logistics Services Platform and e-Handbook on Warehousing.
Fourteen states have already developed their respective logistics policies and for 13 states, it is in the fleet phase.