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National Logistics Policy proposal tabled for Cabinet nod

Tuesday, 24 Sep 2019
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The Commerce Ministry has tabled the proposed National Logistics Policy for Cabinet approval. The proposed policy is focused at promoting seamless movement of goods across the country and reducing high transaction cost of traders.

It will also focus on increasing the warehousing capacity, and identify gaps that can be bridged to bring down the cost of logistics for traders.

The proposed policy has envisaged setting up of a central portal which will provide end-to-end logistics solutions to companies. This portal will be single window market place to link all stakeholders.

The Ministry has also prepared a report Logistics Ease Across Different States (LEADS) 2019, which suggests the states to improve logistics.

The cost of logistics for India is around 14 percent of its gross domestic products (GDP) and it is far higher as compared to other countries. The target is to reduce it to nine percent in the coming years.

 
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