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Mahesh

17/09/22 10:56 AM IST

National Logistics Policy

In News 
  • The government will launch an online logistics marketplace, which will seamlessly connect transporters, warehousing facilities, freight forwarders, customs, regulatory bodies and other stakeholders to have an efficient supply-chain network that will reduce average logistics costs and make essential commodities cheaper for consumers.
Features of the policy
  • National Logistics Policy, a comprehensive effort to address issues of high cost and inefficiency by laying down an overarching interdisciplinary, cross-sectoral and multi-jurisdictional framework for the development of the entire logistics ecosystem, is yet another step in this direction.
  • The policy is an endeavour to improve competitiveness of Indian goods, enhancing economic growth and increasing employment opportunities.
  • It has been the vision of the Prime Minister to develop world class  modern infrastructure through integration of all stakeholders in holistic planning and implementation so that efficiency and synergy is achieved in the execution of the project.
  • The PM GatiShakti - National Master Plan for muti-modal connectivity - launched by the Prime Minister last year, was a pioneering step in this direction.
  • PM GatiShakti will get further boost and complementarity with the launch of National Logistics Policy.
Need of the policy 
  • The need for a national logistics policy was felt since the logistics cost in India is high as compared to other developed economies.
  • It is imperative to reduce the logistics cost in India for improving the competitiveness of Indian goods both in domestic as well as export markets.
  • Reduced logistics cost improves efficiency cutting across various sectors of the economy, encouraging value addition and enterprise.
  • NLP is a necessity if we want to make India a developed economy by 2047. 
  • According to the global ranking of the World Bank’s 2016 Logistics Performance, India jumped to 36th rank in 2016 from 58th rank in 2014 in terms of providing qualitative physical infrastructure.
  • The Union Budget has raised the outlay for capital expenditure in 2022-23 by 35.4% to ₹7.5 lakh crore.
  • As per the Economic Survey 2017-18, the Indian logistics sector provides livelihood to more than 22 million people and improving the sector will facilitate 10% decrease in indirect logistics cost leading to the growth of 5 to 8% in exports.
Significance 
  • NLP will create the pathway for sustainable and inclusive economic growth by driving trade competitiveness and building cost-effective logistics networks.
  • By developing an integrated multimodal logistics ecosystem, engineering a modal shift from road to rail, and other efficient modes, driving down the logistics cost and creating an enabling environment for enhanced digitisation and technology adoption, the NLP will facilitate improved stakeholder coordination to redefine the logistics competencies of the country. 
Source- PIB 

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