Prime Minister Narendra Modi unveiled a national logistics policy last week, which was approved by the coalition cabinet on 21 September. The policy aims to improve the competitiveness of Indian products in domestic and export markets and to enable smooth movement of goods within the country.
Logistics facilities generally include transportation services for the movement of goods, warehouse facilities particularly important for trade in perishable commodities such as foodstuffs, fruits and vegetables, and the smooth operation of government services that facilitate trade. It should be noted that License and Customs.
According to the policy, the three main objectives are to reduce India’s logistics costs to global benchmarks by 2030, to improve the global ranking of logistics performance indicators, and to develop data-driven decision support mechanisms. to develop.
Regarding the Logistics Performance Index, it should be noted that India ranked 44th in the latest edition of the index published in 2018. He said he aims to enter 25 countries.
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NLP’s capabilities include the integration of digital systems “IDS”, Unified Logistics Interface Platform (ULIP), and Ease of Logistics (ELOG).
IDS integrates 30 different systems from 7 sectors, including data from road traffic, rail, customs, aviation and trade.
The Prime Minister said the Unified Logistics Interface Platform (ULIP) is expected to bring together all digital services related to the transport sector in one portal. In other words, it enables integration with existing agency data sources and data sharing with private actors.
ELOG is a digital dashboard developed by an industry sector to register, coordinate and monitor time-bound issue resolutions. Includes deadline and solution status.
Additionally, a new digital platform called Ease of Logistics Services (E-Logs) has been launched to allow industry groups to reach out to governments to resolve issues.
Under the NLP he will establish two groups to improve coordination between ministries and between state and central governments. These are the Network Planning Group (NPG) and the Service Improvement Group (SIG).
After the NLP was announced, Kami Viswanathan, Senior Vice President, FedEx Express, Middle East Indian Subcontinent and Africa (MEISA) Operations told News18 that they welcome the government`s this initiative as the development of an integrated and efficient logistics ecosystem will be a crucial enabler for India to become a $5 trillion economy.
He also believes that it will improve trade competitiveness.
Viswanathan stated: “As India looks to modernise infrastructure and supply chains, it`s evident that technology is the key to unifying all involved stakeholders and to help manage complexity better.”
“As one of the world`s largest express transportation companies, we at FedEx Express support the Government`s vision to make India a more attractive and connected place to do business,” he added.
Meanwhile, Rampraveen Swaminathan, MD and CEO, Mahindra Logistics, said the NLP comes as a big boost for the sector, as it aims to promote seamless movement of goods across India and potentially could lead to a reduction in the cost of logistics and accelerate GDP growth.
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According to Swaminathan: “It will further have a positive impact on the nation`s supply chain and will help to augment warehousing capacity and take products closer to the consumption points.”
He said the focus of the policy on enhancing human capital and operating standards are welcome initiatives to increase the formalisation of the sector. “As one of India’s largest providers of integrated third-party logistics solutions, Mahindra Logistics Ltd. is in line with the government’s vision to make India a better and more business-friendly place,” he noted. .
Trackon CEO Rajesh Kapase said the NLP will directly boost economic growth by improving cargo handling efficiency, thereby making cargo movement more efficient, reducing costs and making exports significantly more competitive. I was.
he said: NLP can provide a platform for regions that are not technology-driven to adapt technology to increase efficiency and improve logistics. “