PM Modi: On Saturday, Prime Minister Narendra Modi stated that India should work toward reducing the logistics cost from 13–14% to around 10% as soon as practicable. On Saturday, PM Modi spoke at the unveiling of the new National Logistics Policy.
According to Modi, the National Logistics Policy will ensure swift last-mile delivery, put an end to transportation-related difficulties, save manufacturers’ time and money, and prevent the wasting of agricultural products.
Exporters must employ shipping bill numbers, railway consignment numbers, eway numbers, and a variety of other numbers in order to track and trace their shipments.
National Logistics Policy decoded
To help the sector avoid this drawn-out procedure, the National Logistics Policy’s Unified Logistics Interface Platform (ULIP) has been established.
ULIP will assist in unifying all digital services in the transportation industry onto a single platform. The ease of logistics services today is governed by National Logistics Policy (NLP). Additionally, E-Logs platform has begun. With this, industry associations can raise any obstacles they are encountering with the government, according to PM Modi.
According to Arindam Guha, Leader & Partner Government, and Public Services, Deloitte India, the Policy is anticipated to support a modal shift in logistics from the current overdependence on roads, over 60% share currently versus 25% globally, to railways, 30% currently versus around 60% globally, and waterways (only 5% currently).
In addition, India’s standing in international studies is anticipated to significantly improve, according to Guha. In the World Bank’s Logistics Performance Index, India was rated 47th out of 160 nations in 2018.
According to Shishir Baijal, Chairman and Managing Director of Knight Frank India, the multi-modal logistics park, which identifies 35 locations across the length and breadth of the country, will be crucial in establishing new centres of growth.
The National Logistics Policy Will Be Supported By PM Gatishakti National Master Plan
Modi emphasised that the National Logistics Policy will receive full support from the PM Gatishakti National Master Plan.
“A tremendous amount of data regarding various infrastructure projects undertaken by state governments has been prepared. Currently, the PM Gatishakti portal is receiving data in roughly 1500 layers from the federal and state administrations” said the Prime Minister.
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“National Logistics Policy and Gatishakti are guiding the nation toward a new work culture at this time. It will also benefit greatly from the brilliance that will emerge from the recently approved Gatishakti University “he continued.
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