The Union Cabinet on Wednesday approved the National Logistics Policy (NLP) that aims to enable seamless movement of goods across the country as well as improve the competitiveness of Indian goods in the domestic and export markets.
“The vision is to develop a technologically-enabled, integrated, cost-efficient, resilient, sustainable and trusted logistics ecosystem for accelerated and inclusive growth,” an official statement said. Prime Minister Narendra Modi had launched the policy on Saturday. The policy has three targets: to reduce the cost of logistics in India to be comparable to global benchmarks by 2030, improve the global Logistics Performance Index ranking, and create a data-driven decision support mechanism .
India’s logistics cost as a proportion of the Gross Domestic Product (GDP) is believed to