The National Logistics Policy was launched on 17 September by the Indian government with the aim of promoting the seamless movement of goods across the country and also improving the competitiveness of Indian goods in domestic and global markets.
As per the policy, India has a goal to reach the global benchmark of logistics costs by 2030. The policy lists down a clear-cut action plan to reduce the current level of logistics cost from 13-14% to 8%. Though it is not an easy feat, the policy focuses on the fact that the higher cost of logistics in India is a big hindrance to improving efficiency across various sectors. The developed economies spend less on logistics making them competitive even if the cost of production remains the same for them. India wishes to bring the logistics cost to a single digit as soon as possible as it is a vital element of its grand plan to become a formidable economy.
To achieve this ambitious goal, the government is going to integrate seven ministries on one platform to offer cargo movement information to logistics companies. It will create a Unified Logistics Interface Platform (ULIP) for easy governance of these integrated ministries. The government is also planning to bring 17 digital platforms together to have a unified view of the logistics information in India.
The government will make the cargo data available to logistics companies, importers, and exporters. Also, it will offer faster clearances for cargo movements. This is expected to increase productivity and reduce resource wastage.
For India’s prosperity, it is critical that the logistics network is spread to every nook and corner of the country. This new National Logistics Policy is aimed at encouraging logistics companies to operate at blazing fast speed to reduce wastage of perishable products, enable last-mile delivery, and make Indian goods competitive locally and globally by helping reduce the cost.
Abhyansh Shipping is committed to improving its services for customers and is hopeful that the new National Logistics Policy will enable it to deliver seamless logistics services that are efficient and cost-effective.