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National Logistics Policy aims to elevate India to top 25 countries in global logistics index, cut cost to single digit of GDP

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NEW DELHI : Prime Minister Shri Narendra Modi unveiled the National Logistics Policy, at the core of which is the aim to bring down India’s cost of logistics operations from 13-14% of gross domestic product to single digit by 2030.

The policy seeks to enable efficiencies in the logistics sector with an aim to elevate the country into top 25 nations in terms of ranking in the Logistics Performance Index prepared by World Bank. In 2018, India’s ranking in the index stood at 44.

As part of the National Logistics Policy, the government today unveiled Unified Logistics Interface Platform or ULIP, a single window platform which will provide real-time information to all stakeholders and Ease of Logistic Services or ELOGS platform which will allow industry associations to share regulatory issues with government agencies for their redressal.

The policy outlines the objective of digitally integrating the logistics ecosystem for seamless flow of data. Among others, the policy aims to enhance the quality of warehouses in the country through uniform standards, simplification in trade documentation with transparent digitisation.

“We need to bring down our logistics cost to single digits. To be globally competitive, it is a low hanging fruit we can achieve,” said PM Modi while unveiling the policy on Saturday evening.

One of the key government programmes aiding the objectives of the National Logistics Policy is PM Gati Shakti National Master Plan which aims to break departmental silos and bring in more holistic and integrated infrastructure planning with a focus on multimodal modal connectivity. The Gati Shakti Portal, incorporates the infrastructure planning and data layers from various central ministries, departments and agencies as well as data layers from the relevant state agencies and bodies.

The Prime Minister highlighted that a huge data repository related to different infrastructure projects of central and state governments have been made, comprising about 1,500 data layers in the digital format on to the Gati Shakti portal.

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