Government Seeks Views of Different Departments On Draft National Logistics Policy
The government wants to formulate a national logistics policy as the sector’s growth is critical to boost exports and GDP growth.
The union commerce ministry has sought views of all government ministries on a draft national logistics policy aimed at ensuring seamless movement of goods across India and reducing high transaction cost of traders.
The government wants to formulate the policy as the logistics sector's growth is critical to boost exports and economic growth.
"We have sought some actionable points from all the ministries and departments on the policy," a commerce ministry official said on Tuesday.
The draft was floated by the logistics division of the commerce ministry.
The cost of logistics for India is about 13-14 percent of the gross domestic product, which is much higher as compared to other countries. The target is to reduce it to about 10 percent in the coming years.
In February, the commerce ministry had floated a 23-page draft policy with an aim to create a single point of reference for all logistics and trade facilitation matters in the country. This will also function as a knowledge and information sharing platform.
It has suggested several steps, including creating a national logistics e-marketplace.
The draft national logistics policy also aims to simplify documentation for exports and imports and drive transparency through digitisation.