To clear commerce bottlenecks, PM unveils National Logistics Policy

Prime Minister Narendra Modi on Saturday unveiled the National Logistics Policy and set a purpose to trim the nation’s logistics prices from as a lot as 13-14 per cent of its GDP to a single digit over the subsequent few years.

The coverage goals to make sure seamless motion of products and companies throughout the nation and lower elevated logistics prices, usually thought of the largest structural bottleneck for each exterior and inside commerce in India.

Touted as the primary holistic framework for the nation’s $150-billion logistics sector, the coverage is anticipated to assist enhance manufacturing, create infrastructure and spur employment.

“If we want to be globally competitive, it (achieving the target) is a low-hanging fruit,” the Prime Minister stated, casting the coverage as one of many essential steps in India’s journey in the direction of being a producing powerhouse and a developed nation.

Modi, nonetheless, was emphatic in stating the necessity for coordinated follow-up motion by each private and non-private sectors to make sure that the coverage serves the supposed function.

“A policy isn’t an end in itself. It’s a beginning. Policy plus performance is equal to progress. Once the policy is in place, the responsibility of the government and industry goes up,” Modi stated. “I hope goods will move with the speed of a cheetah (due to the efficient implementation of the logistics policy).”

The new logistics coverage caps eight years of the federal government’s efforts to create a conducive ecosystem within the logistics sector, he stated, including that it’ll complement the PM Gati Shakti nationwide masterplan initiative.

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Gati Shakti is actually a GIS-based platform with near 1,500 layers, capturing all utilities and community linkages in numerous financial clusters.

Under this, totally different departments be part of fingers for a coordinated growth of tasks.

The new logistics coverage has 4 crucial options: Integration of Digital System (IDS); Unified Logistics Interface Platform (ULIP); Ease of Logistics (ELOG); and System Improvement Group (SIG). Under the IDS, 30 totally different programs of seven departments are built-in; these embrace information of the highway transport, railways, customs, aviation and commerce departments.  FE