Minister of Commerce and Industry and Railways Piyush Goyal reviewed the draft National Logistics Policy on June 27. The minister proposed an action plan to implement the coverage prepared by the Department of Logistics, which falls under the Commerce Ministry.
“The draft policy has been organized in session with railways, street shipping and highways, transport, and civil aviation ministries. Forty-six partnering authorities organizations (PGAs) inputs have been analyzed in detail for attention in the coverage,” the trade ministry stated in an assertion.
Goyal has asked those four ministries to reduce India’s logistics fees from 14 percent of the gross domestic product (GDP) to 9 percent. “In the meeting, all elements of logistics associated with railways, civil aviation, delivery and inland waterways, road transport, ropeways warehousing, and bloodless chain were mentioned in detail,” the release said.
The minister also directed line ministries to ensure that foodgrains, fruits, and vegetables reach from farm to marketplace with minimum wastage. He additionally stated that an important scheme for a bloodless chain throughout the U.S., mainly for fruits, vegetables, and perishables, can be included in the draft logistics coverage movement plan so that it improves performance and reduces the shortage of farmers’ produce.
“During the assessment, assembly issues referring to rail freight explanation and freight policy for committed freight hall, having instant implications for modal shift, were mentioned at length,” the discharge stated. Goyal also directed that the logistics branch be part of the consultation procedure each time any new street, railway, airport, or transport port mission is considered to ensure holistic planning.
India’s logistics region is quite fragmented, and the goal is to reduce the logistics cost from the prevailing 14 percent of the GDP to less than 10 percent with the aid of 2022. As consistent with the Economic Survey 2017-18, the Indian logistics zone provides a livelihood to more than 22 million people, and improving the arena will facilitate a 10 percent decrease in indirect logistics value, leading to a 5 to 8 percent growth in exports.
Further, the survey anticipated that the worth of the Indian logistics marketplace might be around $215 billion in the next two years compared to approximately $160 billion presently. “The commerce and enterprise ministry is formulating the logistics coverage so that India’s alternate competitiveness grows; more jobs are created, India’s overall performance in international ratings improves and paves the way for India to emerge as a logistics hub,” the release said.
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