National Logistics Policy to be released soon
01 Mar 2020
A National Logistics Policy will be released soon and it will clarify the roles of the Union Government, state governments and key regulators, said Finance Minister Nirmala Sitharaman while presenting the Union Budget 2020-21 in the Parliament. The policy will create a single window e-logistics market and focus on generation of employment, skills and make MSMEs competitive.
India’s logistics sector is highly defragmented and the aim is to reduce the logistics cost from the present 14 per cent of GDP to less than 10 per cent by 2022. India’s logistics sector is complex with more than 20 government agencies, 40 PGAs, 37 export promotion councils, 500 certifications, 10,000 commodities and a 160 billion market size. It also involves a 12 million e