As India emerges as global manufacturing hub, logistics cost must come down to dingle digit, says PM Modi
NEW DELHI, Sep 17 (The CONNECT) - Stressing that Policy plus performance equalled progress, Prime Minister Narendra Modi expressed confidence that the national logistics policy would act as a driving and guiding force.
Launching the policy, Modi said that India is emerging as the world manufacturing hub. He opined that the logistics cost should be brought down from the current 13% to a single digit number as soon as possible.
He said that drone technology would emerge as important aspect of transport and logistics sector, especially for remote areas.
He said the country had taken yet another important step towards becoming a developed nation with the National Logistics Policy.
Union Minister of Commerce and Industry, Consumer Affairs, Food and Public Distribution and Textiles, Piyush Goyal said the National Logistics policy would end to silos and bring all departments and states together, in-line with the holistic vision of the Prime Minister.
Referring to logistics as the lifeline of the economy, Goyal said that the policy would give India’s logistics sector a new direction and take it to greater heights.
He observed that COVID-19 had displayed the strength of India’s logistics sector in front of the world. He said that food grains and other essential items reached all people on time and we achieved new milestones in international trade.
Outlining several crucial initiatives that India had taken in the field of transport infrastructure such as UDAAN, Bharatmaala, Sagarmala, National Infrastructure Pipeline etc, the Shri Goyal said that a new chapter had been added to the book of growth when PM GatiShakti National Master Plan was launched last year. “National Logistics Policy and GatiShakti will work as double engines for logistics”, he added.
initiatives of different agencies, to ensure first and last mile connectivity, for seamless movement of people and goods.
The vision of the policy is to develop a technologically enabled, integrated, cost-efficient, resilient, sustainable and trusted logistics ecosystem in the country for accelerated and inclusive growth.
The policy aspires to reduce cost of logistics in India to be comparable to global benchmarks by 2030, endeavour to be among top 25 countries by 2030 in the Logistics Performance Index ranking, and create data driven decision support mechanism for an efficient logistics ecosystem.
The Policy will be implemented through a Comprehensive Logistics Action Plan (CLAP). The interventions proposed under the CLAP are divided into eight key action areas such as Integrated Digital Logistics Systems, Standardisation of physical assets and benchmarking service quality standards, Logistics Human Resources Development and Capacity Building, State Engagement, EXIM (Export-Import) to Logistics, Service Improvement framework, Sectoral Plan for Efficient Logistics and Facilitation of Development of Logistics Parks.