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The govt has come up with an estimated total logistics cost for India, which will be made public by the end of Sept 2023, Sumita Dawra, Spl Secy in the Dept for Promotion of Industry and Internal Trade, said. This will help show a clear YoY comparison of how the NLP is helping reduce costs.
The union government had asked 13 ministries to come up with plans focussed on cross-sectoral integration and logistics efficiency. Only four ministries have submitted their plans so far.
India's National Logistics Policy will cut logistics costs and introduce efficiencies through digitization, streamlining bureaucracy, and enabling sector-wise capacity development.
Prime Minister Narendra Modi launched the National Logistics Policy here today, describing it as yet another important step towards becoming a developed nation.
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