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National Logistics Policy : Views and Opinions expressed by Industry Experts

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NEW DELHI : Prime Minister Shri Narendra Modi unveiled the National Logistics Policy on 17th September 2022, in the national capital New Delhi. While announcing the new policy, PM said that this is an important step towards the “making of a developed India”, and added that the policy has come with a “new energy for every sector”.

This new policy aims to expedite last-mile delivery and address challenges facing the transport sector. Modi also said that the new policy together with the infrastructure augmentation plan ‘PM GatiShakti’ will address gaps. He called the policy a solution for many problems and said that it would lead to improvements in “all our systems”

Mr.Shashi Kiran Shetty, Chairman, Allcargo Logistics, ECU Worldwide, Gati and NITIE, commented,”The launch of NLP is a visionary move by the government which will bring transparency through digital integration in addition to boosting speed and efficiency. It will enable fast-paced logistics infrastructure development, better coordination among multiple stakeholders, simplify processes and documentation and boost last-mile connectivity. The NLP will usher in more inclusive progress for our country with greater employment generation opportunities and efficient logistics services delivery, especially for small businesses. It brings a holistic approach to making India self-reliant and a global manufacturing hub. With an ambitious goal to bring down logistics costs by up to 25%, this could lead to a paradigm shift in the logistics industry in India and will boost India’s export competitiveness in the global market. The NLP will act as a guiding and driving force for the new phase of growth. The joint execution of Gati Shakti and NLP will help India to compete more effectively in the world, particularly against the Asian tigers. Now the onus is on all of us to innovate, be ingenious and work together to implement and achieve what India has set out to. We can, and we will”.

Rizwan Soomar, Chief Executive Officer and Managing Director, DP World Subcontinent said that the multipronged approach by the government adopted in the policy to suggest regulatory and procedural reforms across infrastructure, services and human capital provides a comprehensive strategic direction to the sector and will be a key catalyst in attracting investments. The focal push for digitisation through platforms like ULIP and E-LogS is crucial to support the designed services improvement framework in improving regulatory inter-operability, standardisation of logistic processes and in bringing the entire multimodal network onto a single digital dashboard, enhancing visibility and transparency for all stakeholders.

According to Vineet Agarwal, MD at Transport Corporation of India, the push towards seamless multimodal transportation and modern connectivity will be a game changer as it will shift the transportation stress from just road to other modes as well. The Unified Logistics Interface Platform (ULIP) tenant of the NLP will enhance visibility for customers and enable logistics companies like TCI to adopt digitisation at a much larger scale, Agarwal stated.

Anshuman Singh, the Chairman and Managing Director of Stellar Value Chain Solutions said that the policy reflects the government’s positive intent to address all the core challenges of the logistics and supply chain industry.

Vinod Aggarwal, President, SIAM and MD & CEO, VE Commercial Vehicles, on the launch of National Logistics Policy, expressed his views and said: “Automobile industry welcomes the launch of the National Logistics Policy by the Hon’ble Prime Minister Shri. Narendra Modi. It is an extremely vital step taken by the Government that will boost the growth of the Automobile sector as the policy focuses on building superior infrastructure like 35 Multi-Modal Logistics Hubs, which will promote seamless transportation of goods. It is expected that this policy will reduce the Transit Time and Logistics Cost for manufacturers and improve competitiveness of Indian goods in international markets, thereby helping our exports.”

Dhruv Agrawal, COO & Co-Founder, Shipsy, said: “The National Logistics Policy is an extensive initiative to improve the effectiveness of India’s logistics ecosystem. This will be an unspoken act of support for the logistics sector. NLP aims to encourage the smooth circulation of goods and increase the industry’s competitiveness. The policy is favorable to put a strong emphasis on things like multi-modal transportation, digitization, and process re-engineering. The decision becomes significant because excessive transport costs reduce domestic goods’ ability to compete in the global market.”

The centre has been working on the National Logistics Policy for the last three years. The Ministry of Commerce released a draft logistics policy for consultation in 2019, which was delayed because of the COVID-19 pandemic.

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