Punjab’s logistics policy to enhance efficiency, trim cost

The Punjab government is all set to approve its first logistics policy soon, said reports. The policy will offer fiscal and non-fiscal incentives for investments in multi-modal logistics parks, transport centres, wayside amenities, specialized warehouses in border districts and commercial vehicles fleets, the reports added. “The Integrated Logistics and Logistics Park Policy, which is being given final touches by the industries and commerce department for approval from the state cabinet, envisages to increase the competitiveness of goods produced in the state by cutting the logistics costs from 13% to 8% through improvement in the efficiency of the sector. The final draft of the policy pitches logistics as a thrust area, identifying it as an eligible service enterprise for fiscal incentives, including reimbursement of state goods and services tax (SGST), employment general subsidy and exemption from change of land use charges (CLU) and external development charges.”