New National Logistics Policy to trim logistics cost

Prime Minister Narendra Modi said India should work towards reducing logistics as a percentage of Gross Domestic Product (GDP). “Logistics cost needs to be reduced to single digit at the earliest from 13-14 percent,” said PM in his speech. “The National Logistics Policy is the first step in reducing logistics costs in India. Performance of all ministries involved in the National Logistics Policy will be key in reducing logistics costs in India. National Logistics Policy, a comprehensive effort to address issues of high cost and inefficiency by laying down an overarching interdisciplinary, cross-sectoral, and multi-jurisdictional framework for the development of the entire logistics ecosystem, is yet another step in this direction,” he added. This new policy aims to expedite last-mile delivery and address challenges facing the transport sector. Modi also said that the new policy together with the infrastructure augmentation plan ‘PM GatiShakti’ will address gaps. He called the policy a solution for many problems and said that it would lead to improvements in ‘all our systems.’