The National Logistics Policy, which was launched by the Prime Minister on 17th September and has received much appreciation from the logistics industry stakeholders, was approved by the Cabinet yesterday. The policy aims to bring down India’s logistics cost by at least 5% in the upcoming years and improve India’s standing in the Logistics Performance Index by 2030, bringing us in the top 25.
“The Policy aims to improve the Logistics Performance Index ranking, to be among top 25 countries by 2030, and create data driven decision support mechanism for an efficient logistics ecosystem,” as per an official statement.
The Policy implementation will be monitored by the Empowered Group of Secretaries (EGoS) and will utilise the existing institutional framework created under the Gati Shakti National Master Plan. The EGoS will also overlook the integration of efforts among all the stakeholders.
The policy also clearly lays down an action agenda for immediate on ground implementation of various initiatives. To ensure that the benefits of this policy have maximum possible outreach, important initiatives under the policy including the Unified Logistics Interface Platform (ULIP), the Ease of Logistics Services platform, e-handbook on Warehousing, training courses on PM GatiShakti and logistics on i-Got platform, were launched along with the launch of the National Logistics Policy.”~ A Government of India statement
Soon after the NLP was launched, it was reported that Odisha is also in the final stage of releasing its state logistics policy. Once the policy comes into force at the state level, logistics and warehousing will get industry status and their resultant benefits. As of now, they are considered industry infrastructure. Similarly, more than 10 other states have also developed their respective state logistics policies on the lines of the National Logistics Policy.