Establishing India’s logistics cost will soon be easier and more accurate

India’s logistics cost is often a subject of discussion in various supply chain and logistics related gatherings – formal and informal. As of now, the estimates say that it hovers around 13-14% and should be lowered down to global average of 8%. However, time and again in these discussions, the aforesaid figure has been debated among the internal and external stakeholders of the industry.

In that direction, the Department for Promotion of Industry and Internal Trade (DPIIT) has started working on a framework to make that determination of the logistics cost easier and derive the most accurate figure.

“We hope to firm up an index to gauge the country’s logistics cost in a year. It will be an annual affair after that. We are organising an international workshop on logistics cost framework. We will deliberate on various modules and choose the framework that best suits us,” an official from DPIIT said.

The department will be holding a workshop on the subject, where experts, academicians, professors, and statisticians across the globe will participate on March 20 in the Capital, besides representatives from the Government of India. Many international players from countries like Japan, Korea and Germany are expected to attend the workshop.

The government has rolled out a national logistics policy and PM Gati Shakti initiative to boost competitiveness of industry and cut the logistics cost.

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