LOGISTICS

Feb. 2, 2020

A National Logistics Policy will be released soon to clarify the roles of the Union Government, State Governments and key regulators. The policy will create a single window e-logistics market and focus on generation of employment, skills and make MSMEs competitive.

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India’s logistics sector is highly defragmented and the aim is to reduce the logistics cost from the present 14% of GDP to less than 10% by 2022.
India’s logistics sector is very complex with more than 20 government agencies, 40 PGAs, 37 export promotion councils, 500 certifications, 10000 commodities, 160 billion market size.
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 to 8% in exports.

Source : Economic Times