PM Modi to launch National Logistics Policy today

Headlines

National Logistics Policy (NLP) will be introduced by Prime Minister Narendra Modi on Saturday at the Vigyan Bhawan in New Delhi.

Prime Minister’s Office claims that a national policy was required since India has higher logistical costs than other affluent nations. “India must drastically cut its logistics costs if it wants to increase the competitiveness of its exports and local products. Reduced logistics costs increase efficiency across several economic sectors, promoting value creation and business, “the PMO stated in a statement.

Additionally, it stated that since 2014, the administration has placed a high priority on enhancing both the ease of doing business and the ease of living.

National Logistics Policy, a comprehensive initiative to address issues of high cost and inefficiency by establishing an overarching interdisciplinary, cross-sectoral, and multijurisdictional framework for the development of the entire logistics ecosystem, was described as “yet another step in this direction” in the statement.

The goal of the strategy is to make Indian goods more competitive, hence boosting economic growth and expanding job possibilities.

Prime Minister’s goal has always been to create cutting-edge infrastructure of the highest calibre by including all interested parties in comprehensive planning and implementation that maximises efficiency and synergy. A trailblazing move in this regard was the PM GatiShakti, the National Master Plan for Multi-Modal Connectivity, which was unveiled by Prime Minister last year.

With the introduction of the National Logistics Policy, PM GatiShakti would receive further support and complementarity, according to the PMO.