National logistics policy gets Cabinet approval

The Union Cabinet, chaired by Prime Minister, Shri Narendra Modi, has approved the National Logistics Policy. The Policy lays down an overarching interdisciplinary, cross-sectoral, multi-jurisdictional and comprehensive policy framework for the logistics sector. The policy complements the PM GatiShakti National Master Plan. While PM GatiShakti National Master Plan is aimed at integrated infrastructure development, the National Logistics Policy is envisaged to bring efficiency in logistics services, and human resources through streamlining processes, regulatory framework, skill development, mainstreaming logistics in higher education and adoption of suitable technologies.
The vision is to develop a technologically enabled, integrated, cost-efficient, resilient, sustainable and trusted logistics ecosystem for accelerated and inclusive growth. The Policy sets targets and includes a detailed action plan to achieve them. The targets are: to reduce cost of logistics in India to be comparable to global benchmarks by 2030, improve the Logistics Performance Index ranking, to be among top 25 countries by 2030, and create data driven decision support mechanism for an efficient logistics ecosystem.