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Sunday, February 25, 2024

PM to launch National Logistics Policy on Saturday

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New Delhi: Prime Minister Narendra Modi will launch the National Logistics Policy (NLP) aimed at improving competitiveness of Indian goods, enhancing economic growth and increasing employment opportunities on Saturday at Vigyan Bhawan here.

The need for a national logistics policy was felt since the logistics cost in India is high as compared to other developed economies.

It is imperative to reduce the logistics cost in India for improving the competitiveness of Indian goods both in domestic as well as export markets.

Reduced logistics cost improves efficiency cutting across various sectors of the economy, encouraging value addition and enterprise.

Since 2014, the government has put significant emphasis on improving both Ease of Doing Business and Ease of Living, the PMO said.

National Logistics Policy, a comprehensive effort to address issues of high cost and inefficiency by laying down an overarching interdisciplinary, cross-sectoral and multi-jurisdictional framework for the development of the entire logistics ecosystem, is yet another step in this direction, the PMO added.

Further, the PMO said that it has been the vision of the Prime Minister to develop world class modern infrastructure through integration of all stakeholders in holistic planning and implementation so that efficiency and synergy is achieved in the execution of the project.

The PM Gati Shakti – National Master Plan for muti-modal connectivity – launched by the Prime Minister last year, was a pioneering step in this direction, PM Gati Shakti will get further boost and complementarity with the launch of National Logistics Policy, the PMO added.

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