The National Logistics Policy unveiled by Prime Minister Narendra Modi on Saturday will substantially reduce transportation costs across the entire supply chain and has the potential to usher in "ease of moving" in the country, by PTI
While the new policy addresses challenges of the logistics sector, it together with the infrastructure augmentation plan PM GatiShakti will address gaps, he said.
CII Director General Chandrajit Banerjee said besides improving ease of doing business and ease of living, the policy along with other pillars of the PM Gati-Shakti has the potential to usher in an unprecedented era of 'ease of moving' in the country, ensuring the speedier and seamless movement of cargo and people across various modes of transport.
He said the reduced logistics cost and increased efficiencies will energise the economy across sectors in multiple ways and take us many steps closer to emerging as a global manufacturing powerhouse.
Assocham secretary general Deepak Sood described the National Logistics Policy as a major structural transformative initiative which will substantially reduce transaction costs across the entire supply chain.
"It (the policy) will facilitate India being embedded across global value chains, as we move ahead on the path towards Bharat@100," Sood added.
The Union government has been working on the National Logistics Policy for three years. The commerce ministry released a draft logistics policy for consultation in 2019, but it was delayed due to Covid-19 pandemic.
The National Logistics Policy was once again announced by finance minister Nirmala Sitharaman in the Budget for 2022-23.
