Pare cost by 5%, go digital in documentation, Logistics Secy urges sector

Says nearly 30% of documents pertaining to seaport movement are redundant and one third are filed more than once

Logistics Secretary Pawan Kumar today said the logistics industry should look at reducing costs by five per cent and urged it to adopt digital solutions to address inefficiencies and reduce documentation process. According to him nearly 30 per cent of documents are redundant and one third get submitted more than once.

Speaking at a webinar on EXIM Trade in New Normal, organised by The Madras Chamber of Commerce & Industry (MCCI), Kumar said the general debate is logistics cost in India is as high as 13 per cent compared with the global average of just eight per cent. However, a recent