NATIONAL LOGISTICS PORTAL

Background:

• As per the Economic Survey 2017-18 –
  • 22 million people are employed in the Indian logistics sector and
    
    
  • the worth of Indian logistics market would be around USD 215 billion in next two years compared to about USD 160 billion currently.
    
    
  
  
  
• However, India’s logistics sector is highly complex with the involvement of more than 20 govt. agencies, 40 partnering govt. agencies (PGAs) and 37 export promotion councils.
  
  
• Also, the aim is to reduce the logistics cost from the present 14% of GDP to less than 10% by 2022.
  
  

National Logistics Portal:

• In this background, in this year’s budget speech, Union Finance Minister announced the National Logistics Portal.
  
  
• It will be single window platform linking all stakeholders of EXIM and domestic trade like traders, manufacturers, logistics service providers, financial services, Government departments etc.
  
  
• The portal will be implemented in phases and will be a key step towards making India a logistics hub.