In news– The Prime Minister of India has launched the National Logistics Policy (NLP) recently.
Key highlights of the policy-
- It aims at bringing down logistics cost in India and increasing the country’s trade competitiveness by enabling seamless movement of goods and building a unified digital interface.
- Under this policy, Unified Logistics Interface Platform (ULIP) will bring all the digital services related to the transportation sector into a single portal, freeing the exporters from a host of very long and cumbersome processes.
- Similarly, under the policy a new digital platform Ease of logistics Services -E-Logs has also been started.
- E-Logs will help industry associations to directly take up any such matters which are causing problems in their operations and performance with the government agencies.
- The policy addresses the pre-existing concerns in India’s logistics sector from a global perspective.
- The comprehensive areas mentioned in the Policy, like process re-engineering, paperless supply chain, seamless multimodal transport and modern connectivity for ease of doing business & reducing logistics costs, will help the country reach its economic goals.
- India’s logistics cost as a proportion of the Gross Domestic Product (GDP) is believed to be around 13-14 per cent. The government now aims to bring it down to single digits as soon as possible.
- The NLP will be implemented in tandem with the PM Gatishakti National Master Plan.
- The need for a national logistics policy was felt since the logistics cost in India is high as compared to other developed economies.
Some states such as Andhra Pradesh, Assam, Chhattisgarh, Gujarat, Haryana, Himachal Pradesh, Kerala, Madhya Pradesh, Maharashtra, Manipur, Mizoram, Rajasthan, Telangana and Uttar Pradesh have already formed their logistics policy. Logistics policies of 13 states are still in the draft stage.