National Logistics Policy Can Provide a Major Boost to the Sector


                                                    Original Content: Business Upside India

National Logistics Policy proposed by the Government of India to enhance the logistic sector of India. As per the Press Information Bureau, the main vision of the National Logistics Policy is to enhance economic growth along with the business competitiveness of India through a sustainable, green, reliable, efficient, seamless, cost-effective and integrated logistic network that will leverage skilled manpower, processes and class technology of the logistic sector. According to the information provided by the Minister of Commerce and Industry, it has been analysed that there is no authorised estimation for the logistic costs; however, few private institutions have assessed that the logistic costs are about 13% to 14% of the GDP. And the proposed National Logistics Policy aims to decrease this cost from 9% to 10%. Though, all this information and proposal of the policy had been provided by the Indian Government in 2019. After waiting for more than two years, now in 2021, there is an update regarding the policy to become officially applicable for the logistic industry of India. Still, the National Logistic Policy has not been officially levied due to the lack of formal inputs from further ministries like shipping and road transport.

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