UP Logistics Policy-2022 to help the country build an integrated, cost-efficient, flexible, and sustainable ecosystem: Som Prakash

The ‘Uttar Pradesh Warehousing and Logistics Policy-2022’, approved by the state government in December last year is helping the country build an integrated, cost-efficient, flexible, and sustainable ecosystem in this sector by optimizing regulations and separating supply-side bottlenecks, Union Minister Som Prakash said on Sunday. 

The Union minister of state for commerce and industry, while talking about the challenges of the logistics sector during a session at the Global Investors Summit (GIS), stressed that “reducing cost of logistics is very important for the industry” and said policy efforts are being made for this.

 Prakash said the logistics cost to the Gross Domestic Product is much lower in the US, South Korea, Singapore, and some European countries. 

 “The government aims to ensure that logistics issues are minimized, exports increase manifold, small-scale industries flourish and the people who work there get more profit,” the Union minister said at the session — ‘Uttar Pradesh-The Emerging Warehousing and Logistic Hub of India’ — on the summit’s third day here.

Further, he said, the policy approved by the UP government will make the warehousing and logistics sector in the region integrated, cost-efficient, flexible, and sustainable by optimizing regulations and separating supply-side bottlenecks. 

 Anupriya Patel, also Union minister of state for commerce and industry, said, “The Centre and the Uttar Pradesh government are working as one unit.”

While addressing the session she said, “In accordance with Prime Minister Narendra Modi’s vision, the Uttar Pradesh government’s new warehousing and logistics policy will encourage the private sector. The private sector should take full advantage of this opportunity,” 

As the fifth largest economy in the world, India aspires to be among the top 10 in the logistics performance index by 2030, the union minister said adding, “We will achieve our goal if the government of the country’s largest state, Uttar Pradesh, continues to improve its warehousing and logistics infrastructure.” 

Until a few years ago, no one in Uttar Pradesh talked about warehousing and logistics, Uttar Pradesh’s Co-operative Affairs Minister JPS Rathore said adding that UP in today’s changing environment, has emerged as the first choice for investors in this sector from across the country.

The state has the nation’s largest rail network and now, a network of highways is being constructed, and the inland waterway services have begun, Rathore said

 “Uttar Pradesh is currently developing policies with the future in mind. There are opportunities in every sector for the country’s and the world’s industries here,” he said.

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