In an attempt to promote the growth of the logistics sector and replace the multimodal transportation of goods law, the Centre is preparing a draft legislation on logistics, an official said.
While speaking on the same at a webinar organised by the Indian Chamber of Commerce, Mr Pawan Aggarwal, Spl Logistics Secretary said the draft will not just focus on multi-modal transport but also on various other modes and allied services as the efficiency in logistics comes from end-to-end services.
“The government in the process of drafting the National Logistics Efficiency Advancement Predictability and Safety (NLEAPS) Act,” a statement quoted him as saying.
Agarwal invited opinions from all stakeholders in making the draft legislation which he said was “beyond just a logistics document”.
This tends to define various participants of logistics space and create a light regulatory ecosystem, he said.
He also said that some apps will be introduced soon to ensure real-time visibility across the supply chain.
The logistics secretary recently also stressed on the logistics industry’s need to reduce the cost by at least 5% and urged the industry to adopt digital solutions to address the inefficiencies and reduce documentation process.
According to sources, India’s logistics sector is highly fragmented and the government aims at reducing the transportation cost to make industries competitive in international markets.