The Union Cabinet on Wednesday approved the National Logistics Policy which aims to reduce the cost of logistics and bring efficiency by "streamlining processes, regulatory framework and skill development."
The policy sets various targets, which includes reducing the cost of logistics from the current 13 or 14% of the GDP and bringing them down to global benchmarks by 2030, improving the Logistics Performance Index ranking and creating a data-driven decision support mechanism for an efficient logistics ecosystem, according to a press statement.
The implementation of the policy would be monitored by the Empowered Group of Secretaries (EGoS) created under the PM Gati Shakti National Master Plan.
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The policy also focuses on the development of warehouses with optimal spatial planning, promotion of standards, digitisation and automation across the logistics value chain, and improved track and trace mechanisms.
Other measures include seamless coordination between different stakeholders and speedy issue resolution, streamlined EXIM processes, human resource development to create an employable pool of skilled manpower.
Important initiatives under the policy include the Unified Logistics Interface Platform (ULIP), the Ease of Logistics Services platform, a e-handbook on Warehousing, training courses on PM Gati Shakti and logistics on i-Got platform, which were launched last week when the PM unveiled the policy.
