Background: View of the Economic Survey 2017-18
- India’s logistics sector is highly defragmented and complex with involvement of more than 20 government agencies, 40 PGAs, 37 export promotion councils, 200 shipping agencies and 36 logistic services.
- The Indian logistics sector provides livelihood to more than 22 million people and improving the sector will facilitate 10 % decrease in indirect logistics cost leading to the growth of 5-8% in exports.
- The worth of Indian logistics market would be around USD 215 billion in next two years compared to about USD 160 billion currently.
The draft National Logistics Policy:
- It has been prepared by the Department of Logistics, Ministry of Commerce and Industry in consultation with the Ministries of Railways, Road Transport and Highways, Shipping and Civil Aviation.
- Aim is to reduce the logistics cost from the present 14% of GDP to less than 10% by 2022.
