India Inc, particularly the logistics industry, has hailed the launch of the New Logistics Policy (NLP) by the government.
Launched on September 17, the much-awaited policy framework caters to all the key stakeholders across the country’s vast yet fragmented logistics landscape. The new framework comes with a special emphasis on streamlining processes for seamless coordination, and reduction in overall logistics cost, besides pushing employment generation and skilling of the workforce.
Notably, while launching the policy, Prime Minister Narendra Modi said, “From 13 to 14% logistics cost, we should all aim to bring it to single-digit as soon as possible. This is a low hanging fruit, if we have to become globally competitive.” The PM further asserted that the PM Gatishakti National Master Plan will support the National Logistics Policy.
