New Delhi: Industry physique FICCI whereas welcoming the National Logistics Policy launched by Prime Minister Narendra Modi mentioned that it has the potential to considerably scale back prices and enhance trade competitiveness in consonance with the Gati Shakti programme.
The resultant unified coverage atmosphere, FICCI believes, would considerably strengthen the logistics sector by optimum inter-ministry coordination and deployment of assets.
“We believe that combining the strengths of different modes of transport, adopting technology, and digitisation will give a major fillip to the industry. The National Logistics Policy and the PM Gati Shakti would significantly help to reduce costs and augment competitiveness,” mentioned President Sanjiv Mehta.
The logistics coverage is geared toward bringing down the logistic prices and bettering the competitiveness of home items within the world market.
“With PM Gati Shakti significantly boosting the pace of infrastructure development in the country, it is an opportune time for an integrated tech-enabled approach to logistic operations to bridge efficiency gaps and improve industry competitiveness,” mentioned Rizwan Soomar, Chairman of the FICCI Committee on Logistics.
India spends round 13 to 14 per cent of gross home product (GDP) on logistics prices. While international locations like Germany and Japan, that are recognized for his or her developed logistics infrastructure and programs, spend simply round eight to 9 per cent of the GDP on logistics prices.
According to the World Bank Logistics Index of 2018, India is ranked forty fourth in logistics prices, far behind international locations just like the United States and China that are on the 14th and twenty sixth positions, respectively.
“There is a connection between the launch of the National Logistics Policy and the release of cheetahs on the same day. We want our logistics to move at the same speed as the Cheetah. The country wants to move at the same fast speed,” Prime Minister Modi mentioned on the launch occasion on the identical day as he launched cheetahs in Madhya Pradesh’s Kuno National Park.
The Prime Minister had known as the brand new coverage an answer for a lot of issues and mentioned that it might result in enhancements of “all our systems”.