NLP to reduce dwell time, logistics cost: FFFAI Chairman

Shankar Shinde, Chairman, Federation of Freight Forwarders Association in India (FFFAI) said, “Logistics in India is an unorganized sector and there was a need to collate towards progress, achieving the government’s endeavours of striving towards single digit logistics cost aligning with developed countries to compete and promote our products in the international market. The National Logistics Policy (NLP) which was unveiled by the Hon’ble Prime Minister on September 17, 2022, aims towards reducing logistics cost to single digit to make India one of the viable manufacturing hubs in the world. Other key objectives of the NLP are to create common platform for better understanding of Government with stakeholders to assess and take steps towards developments and integrating the modes of transport, Multimodal with Transmodal to make it seamless and effective. In achieving “Atmanirbhar Bharat”and “Make in India” dream come true, the first and last mile delivery needs to be effective on real time monitoring basis to reduce dwell time and logistics cost. The NLP highlighted that present logistics cost is the result of multiple factors including policy framework and constraints of required infrastructure, both physical and IT, and aptly addressed those bottlenecks to facilitate the country’s manufacturing and domestic distribution for international trade supported by domestic connectivity.