News

India should aims at bringing logistics cost to single digit: PM Modi


On Saturday, Prime Minister Narendra Modi said that India should aim to bring logistics costs from 13-14% down to single digits as soon as possible. Prime Minister Modi spoke at the launch of the new National Logistics Policy on Saturday.

Modi said the National Logistics Policy will ensure prompt delivery to the last mile, ending transportation-related challenges, saving manufacturers time and money and preventing waste of agricultural products.

“To track and trace his shipment, exporter needs to use bill of lading number, rail consignment number and eway number.. and a lot of other numbers.

Unified Logistics Interface Platform (ULIP) under the National Logistics Policy was launched to help the industry out of this lengthy process

ULIP will help bring all digital services in the transportation sector into one platform According to today’s National Logistics Policy (NLP), the ease of logistics services… E-Logs platform has also been begin. With this, industry associations can solve any obstacle they are facing with the government,” said Prime Minister Modi.

Arindam Guha, Leadership & Partner Government and Public Services, Deloitte India said, “This Policy is expected to facilitate the modal shift in logistics from the current dependent to road, more than 60% market share now compared to 25% globally, to rail, 30% currently viz. a viz. about 60% globally and by waterways (only 5% currently).

“It is also expected to lead to a significant improvement in India’s ranking in global studies such as the World Bank’s Logistics Performance Index, where India was ranked 47th out of 160 countries in the world. 2018,” Guha said.

Shishir Baijal, President and CEO, Knight Frank India, said: “The multimodal logistics park, which identifies 35 sites covering the length and breadth of the country, will be instrumental in creating the new growth center.

Modi pointed out that Prime Minister Gatishakti The National Master Plan will strongly support the National Logistics Policy.

“A large amount of information regarding the various infrastructure projects of the state governments has been prepared. Today, data from central and state governments in about 1500 classes will be uploaded to the PM Gatishakti portal,” announced the Prime Minister.

“Gatishakti and National Logistics Policy are now working together to move the country towards a new work culture. The talent that will come from the recently approved Gatishakti University will also be of great help,” he added.

Catch them all Business newsletter, Market News, Hot news Events and Latest news Update on Live Mint. Download Mint News app to get Daily Market Updates.

Than
Less than

Register Mint Newsletter

* Enter a valid email

* Thank you for subscribing to our newsletter.

Post your comment



Source link

news5s

News5s: Update the world's latest breaking news online of the day, breaking news, politics, society today, international mainstream news .Updated news 24/7: Entertainment, Sports...at the World everyday world. Hot news, images, video clips that are updated quickly and reliably

Related Articles

Back to top button