- Policy to reduce the logistics cost by laying down an interdisciplinary, cross-sectoral and multi-jurisdictional framework
- In line with PM’s vision of achieving efficiency and synergy by bringing all stakeholders together for holistic planning and implementation
- Policy to boost both Ease of Doing Business as well as Ease of Living
- Policy to complement PM GatiShakti
This is the expectation, as all eyes turn to Indian Prime Minister Narendra Modi who is set to launch the National Logistics Policy (NLP) of India on the 17th of September 2022 @ 17:30 hrs in New Delhi.
A press release from the Prime Minister’s office read “The need for a national logistics policy was felt since the logistics cost in India is high as compared to other developed economies.
It is imperative to reduce the logistics cost in India for improving the competitiveness of Indian goods both in domestic as well as export markets.
Reduced logistics cost improves efficiency cutting across various sectors of the economy, encouraging value addition and enterprise.”
The National Logistics Policy is said to be a comprehensive effort to address issues of high cost and inefficiency through an overarching interdisciplinary, cross-sectoral and multi-jurisdictional framework for the development of the entire logistics ecosystem.
The policy is aimed at improving the competitiveness of Indian goods, enhancing economic growth, and increasing employment opportunities.
“It has been the vision of the Prime Minister to develop a world-class modern infrastructure through integration of all stakeholders in holistic planning and implementation so that efficiency and synergy are achieved in the execution of the project.” the release added.
Commerce and Industry Minister Piyush Goyal said “The government has emphasized the need to reduce logistics costs in the country from the current levels of 13-14 percent of GDP.”
The PM’s GatiShakti – National Master Plan for muti-modal connectivity – launched by the Prime Minister of India in 2021, was a pioneering step in this direction. PM’s GatiShakti will get further boost and complementarity with the launch of the National Logistics Policy.