India Launches National Logistics Policy to Boost Economic Growth

India Launches National Logistics Policy to Boost Economic Growth

The Indian government launched the National Logistics Policy, a crucial plan for the development of the logistics sector in the country. 

The policy aims to reduce India’s logistics costs from 13-14% of gross domestic product to a single digit by 2030 and to improve the country’s ranking in the World Bank’s Logistics Performance Index, making it one of the top 25 nations. 

The PM Gati Shakti National Master Plan, which is an important element in achieving the goals of the National Logistics Policy, incorporates nearly 2,000 geographic information system data layers related to trunk infrastructureutility networkseconomic zones, and social infrastructure

In addition, the plan aims to streamline the infrastructure planning of central and state government ministries and departments. 

The logistics division of the Department for Promotion of Industry and Internal Trade (DPIIT) under the Ministry of Commerce and Industry played a key role in formulating the National Logistics Policy and PM Gati Shakti’s National Master Plan

In 2023, stakeholders expect action-oriented development in multimodal connectivity and logistics initiatives as policy frameworks are implemented. 

Dr. Surendra Ahirwar, Joint Secretary (Logistics) at DPIIT, stated that 2023 will be the year to “realize the potential and harvest the crop we have sown this year.”

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