National Logistics Policy: Decoding PM Modi’s Return Gift to India on 72nd B’day That Will Aid 22 Million People
2 years, 6 months ago

National Logistics Policy: Decoding PM Modi’s Return Gift to India on 72nd B’day That Will Aid 22 Million People

News 18  

Prime Minister Narendra Modi, on the occasion of his 72nd birthday, gifted to the country the National Logistics Policy, which is aimed at promoting seamless movement of goods and enhancing the competitiveness of the industry. “The need for a national logistics policy was felt since the logistics cost in India is high as compared to other developed economies. On September 13, Commerce and Industry Minister Piyush Goyal said the government has stressed the need to reduce logistics costs in the country from the current levels of 13-14 per cent of GDP. A comprehensive action plan is proposed under the policy, with major features including integrated digital logistics systems; unified logistics interface platform; ease of logistics; and standardisation of physical assets and benchmarking service quality standards, state engagement, human resource development and capacity building, export-import logistics, sectoral plans for efficient logistics, and facilitation of the development of logistics parks.

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History of this topic

Madhya Pradesh’s new logistics policy will improve supply efficiency, attract investors: Yadav
1 month ago

Madhya Pradesh’s new logistics policy will improve supply efficiency, attract investors: Yadav

Live Mint  

Bhopal, Feb 16 The Madhya Pradesh government's new logistics policy will strengthen the state's economy and attract investors in the upcoming global investors summit, Chief Minister Mohan Yadav said on Sunday. According to Yadav, the logistics policy novelties that were unveiled recently will improve supply efficiency by reducing logistics costs. The chief minister said the government is focusing on reducing …

Reduced logistics costs to aid trade
Trending News
3 months ago

Reduced logistics costs to aid trade

China Daily  

SHI YU/CHINA DAILY China has unveiled a clear roadmap to drive down logistics costs, a strategic move that officials and analysts said is crucial for enhancing the competitiveness of the manufacturing industry, and strengthening the foundation of the country's real economy as a whole. China's total logistics costs accounted for 14.4 percent of its GDP last year, while the ratio …

Reduced logistics costs to aid trade
Trending News
3 months ago

Reduced logistics costs to aid trade

China Daily  

By Wang Keju | China Daily | Updated: 2024-12-19 08:49 SHI YU/CHINA DAILY China has unveiled a clear roadmap to drive down logistics costs, a strategic move that officials and analysts said is crucial for enhancing the competitiveness of the manufacturing industry, and strengthening the foundation of the country's real economy as a whole. China's total logistics costs accounted for …

Reduced logistics costs to aid trade
Top News
3 months ago

Reduced logistics costs to aid trade

China Daily  

By Wang Keju | China Daily | Updated: 2024-12-19 08:49 SHI YU/CHINA DAILY China has unveiled a clear roadmap to drive down logistics costs, a strategic move that officials and analysts said is crucial for enhancing the competitiveness of the manufacturing industry, and strengthening the foundation of the country's real economy as a whole. China's total logistics costs accounted for …

Reduced logistics costs to aid trade
3 months ago

Reduced logistics costs to aid trade

China Daily  

SHI YU/CHINA DAILY China has unveiled a clear roadmap to drive down logistics costs, a strategic move that officials and analysts said is crucial for enhancing the competitiveness of the manufacturing industry, and strengthening the foundation of the country's real economy as a whole. China's total logistics costs accounted for 14.4 percent of its GDP last year, while the ratio …

Economic Survey 2023-24: GST played remarkable role in reducing logistics cost
7 months, 3 weeks ago

Economic Survey 2023-24: GST played remarkable role in reducing logistics cost

The Hindu  

The Goods and Services Tax has played a remarkable role in bringing down the country's logistics cost, Economic Survey on July 22 said. “This has reduced the logistics cost and increased the average distance trucks travel from 225 km before GST to 300-325 km,” the Economic Survey 2023-24 tabled in Parliament said. The National Council of Applied Economic Research study …

India Can Become Logistics Hub of the Region and Beyond: WB
8 months ago

India Can Become Logistics Hub of the Region and Beyond: WB

Deccan Chronicle  

Chennai: In order to achieve the target of becoming one among the top-25 countries in terms of logistics efficiency, PM Gati Shakti platform should be overlaid with trade flow data, multi-modal parks have to be set up and the skill sets of the youth have to be improved, finds the World Bank. In 2023, India ranked 38 out of the …

DPIIT ropes in NCAER to prepare framework for assessing logistics costs
8 months, 2 weeks ago

DPIIT ropes in NCAER to prepare framework for assessing logistics costs

Live Mint  

The Department for Promotion of Industry and Internal Trade has turned to the National Council of Applied Economic Research, a think tank, to help assess logistics costs for 2023-24. The Centre aim to cut logistics costs that ranged from 7.8%-8.9% of gross domestic product in 2021-22, as per an official statement released by commerce ministry on Friday. In the statement, …

Winds of change as uniform packaging rules set to ring in lower logistics costs
1 year, 3 months ago

Winds of change as uniform packaging rules set to ring in lower logistics costs

Live Mint  

NEW DELHI : India’s logistics companies, which handle millions of items ranging from apparel to smartphones and from toys to white goods, will soon have to follow uniform packaging standards at their cavernous warehouses. The government is working on packaging standards that would mandate optimum space utilization in warehouses, a move that would support its objective of lowering its logistics …

The future of speed and efficiency in e-commerce logistics
1 year, 5 months ago

The future of speed and efficiency in e-commerce logistics

Hindustan Times  

In today's dynamic e-commerce landscape, the importance of last-mile delivery cannot be overstated. To overcome the geographical hurdles in India's last-mile delivery, many companies are exploring advanced technologies like drones and autonomous vehicles. Enter the trailblazing third-party logistic companies and innovative SaaS-based courier aggregators, rewriting the rulebook on last-mile delivery through strategic alliances with local services and small-scale logistics providers. …

Top Trends Expected to Define the Shipping and Logistics Industry
1 year, 8 months ago

Top Trends Expected to Define the Shipping and Logistics Industry

Deccan Chronicle  

In the rapidly changing shipping landscape, the shipping and logistics industry in India is expanding and adopting progressive approaches to improve customer experiences and streamline cross-border shipping. The shipping and logistics industry receives support from both technology and the government, working together to ensure exceptional service and a seamless shipping experience. Top trends in shipping and logistics industry : â- …

The ideal track to run India’s logistics system
2 years ago

The ideal track to run India’s logistics system

The Hindu  

The Union Budget 2023 has doubled the PM Gati Shakti National Master Plan to States from ₹5,000 crore to ₹10,000 crore, and has announced an outlay of ₹2.4 lakh crore for the Indian Railways. With a target of increasing the share of the railways in freight movement from 27% to 45% and increasing freight movement from 1.2 billion tonnes to …

Budget 2023: Logistics Sector Seeks Growth-Promoting Measures From Govt
2 years, 1 month ago

Budget 2023: Logistics Sector Seeks Growth-Promoting Measures From Govt

ABP News  

In the aftermath of the Covid-19 pandemic, the logistics industry in India today confronts new difficulties after three years of significant turbulence. The future development of the logistics sector is anticipated to be driven by the increasing reliance of Indian consumers on e-commerce, the expansion of the small and medium enterprises and business-to-business segments, and a government push to enhance …

Budget 2023 Expectations: Focus On Air Cargo, Adequate Funding Under National Logistics Policy
2 years, 2 months ago

Budget 2023 Expectations: Focus On Air Cargo, Adequate Funding Under National Logistics Policy

News 18  

Union Budget 2023: Prime Minister Narendra Modi launched the National Logistics Policy last year in order to ensure quick last mile delivery, end transport-related challenges, save time and money of the manufacturers, and prevent wastage of the agro-products. Kami Viswanathan, senior vice president, FedEx Express, Middle East Indian Subcontinent and Africa Operations, shared that while the NLP will be pivotal …

India’s policy impact challenge: Why it exists and how to meet it
2 years, 2 months ago

India’s policy impact challenge: Why it exists and how to meet it

Live Mint  

In the history of India, there have been critical junctures when the policy terrain saw significant reforms. India’s efforts toward creating shared prosperity must take into account the importance of having an efficient policy implementation architecture. In order to correctly assess the policy challenges that India faces, especially at the implementation level, one must attain a thorough understanding of our …

Punjab finalising logistics policy; eyes infra upgrade, cost reduction
2 years, 3 months ago

Punjab finalising logistics policy; eyes infra upgrade, cost reduction

Hindustan Times  

The Punjab government is all set to approve its first logistics policy soon, offering fiscal and non-fiscal incentives for investments in multi-modal logistics parks, transport centres, wayside amenities, specialised warehouses in border districts and specialised commercial vehicles fleets. The Integrated Logistics and Logistics Park Policy is being given final touches by the industries and commerce department for approval from the …

National Logistics Policy: What makes it so relevant and how PM Gati Shakti gives the right thrust
2 years, 5 months ago

National Logistics Policy: What makes it so relevant and how PM Gati Shakti gives the right thrust

Firstpost  

The National Logistics Policy is a combination of policy plus performance, which is equal to progress and is the result of eight long years of hard work “To ensure quick last mile delivery, end transport-related challenges, save time and money of the manufacturers, prevent wastage of the agro-products, concerted efforts were made and one of the manifestations of those efforts …

Decoding National Logistics Policy. How Will It Contribute To Govt’s Ease Of Doing Business
2 years, 5 months ago

Decoding National Logistics Policy. How Will It Contribute To Govt’s Ease Of Doing Business

ABP News  

In a bid to promote seamless movement of goods across India and improve the competitiveness of products in domestic as well as global markets, the central government rolled out the National Logistics Policy in September. Key Takeaways There will be digital integration of different systems of some departments such as road transport, railways, aviation, commerce ministries, and foreign trade This …

National Logistics Policy Approved by Union Cabinet; All You Need to Know
2 years, 6 months ago

National Logistics Policy Approved by Union Cabinet; All You Need to Know

News 18  

The Union cabinet on Wednesday approved the National Logistics Policy, CNBC TV18 reported quoting sources. The National Logistics Policy was approved in a cabinet meeting chaired by Prime Minister Narendra Modi, who had last week unveiled the policy. The National Logistics Policy seeks to address challenges facing the transport sector and bring down the logistics cost of businesses from 13-14 …

Does new logistics policy make related-stocks a favourable bet?
2 years, 6 months ago

Does new logistics policy make related-stocks a favourable bet?

Business Standard  

On September 17, the government announced the National Logistics Policy, to develop a cost-efficient and integrated logistics ecosystem for India. This would be in-line with developed countries like the US and Germany, where logistics costs are in the range of 7 per cent to 9 per cent. In order to reduce these costs, the government has launched several initiatives like …

PM Modi Launches National Logistics Policy, Says Reform to 'Bring New Energy in Every Sector'
2 years, 6 months ago

PM Modi Launches National Logistics Policy, Says Reform to 'Bring New Energy in Every Sector'

News 18  

Prime Minister Narendra Modi on Saturday launched the National Logistics Policy in New Delhi and said the reform addresses challenges related to the transport sector, speeds up last-mile delivery and saves money for businesses. Hailing India’s emergence as the world’s fifth largest economy, he noted that the country is changing and said, “the National Logistics Policy will bring new energy …

PM Modi launches National Logistics Policy, calls it important step towards making of developed India
2 years, 6 months ago

PM Modi launches National Logistics Policy, calls it important step towards making of developed India

Firstpost  

The Prime Minister called the policy a solution for many problems and said that it would lead to improvements of “all our systems” New Delhi: Prime Minister Narendra Modi on Saturday launched the National Logistics Policy in the national capital which, he said, was an important step towards the “making of a developed India”, while adding that the policy has …

PM Modi To Introduce National Logistics Policy Cut Cost Of Logistics Ease Of Business
2 years, 6 months ago

PM Modi To Introduce National Logistics Policy Cut Cost Of Logistics Ease Of Business

ABP News  

New Delhi: Prime Minister Narendra Modi will launch the National Logistics Policy on Saturday at 5:30 pm at the Vigyan Bhawan in Delhi. In a statement issued by the Prime Minister’s Office, the need for a national policy was felt since the logistics cost in India is high compared to other developed economies. “National Logistics Policy, a comprehensive effort to …

Prime Minister Narendra Modi to launch National Logistics Policy today
2 years, 6 months ago

Prime Minister Narendra Modi to launch National Logistics Policy today

Firstpost  

The National Logistics Policy is an endeavour to improve the competitiveness of Indian goods, enhancing economic growth and increasing employment opportunities New Delhi: Prime Minister Narendra Modi will launch the National Logistics Policy on Saturday at the Vigyan Bhawan in New Delhi. According to the Prime Minister’s Office, the need for a national policy was felt since the logistics cost …

PM Modi unveils National Logistics Policy, aims to cut transport cost
2 years, 6 months ago

PM Modi unveils National Logistics Policy, aims to cut transport cost

India TV News  

Highlights PM Narendra Modi will launch NLP today at the Vigyan Bhawan in New Delhi Need for policy was felt since logistics cost in India is high compared to other nations: PMO National Logistics Policy aims to pave the way for exponential growth during Amrit Kaal National Logistics Policy 2022: Prime Minister Narendra Modi launches the National Logistics Policy on …

Not Just Cheetahs, Real Game Changer Coming on PM Modi’s Birthday is National Logistics Policy
2 years, 6 months ago

Not Just Cheetahs, Real Game Changer Coming on PM Modi’s Birthday is National Logistics Policy

News 18  

The cheetahs coming from Namibia could hog all the attention on Prime Minister Narendra Modi’s birthday on Saturday. But the more significant event could be later that evening when Prime Minister Narendra Modi unveils the National Logistics Policy of the country that aims to reduce logistics cost to 8% of the GDP. “This is a game changer for the logistics …

Budget 2022: Implement National Logistics Policy to ease supply chain bottlenecks
3 years, 1 month ago

Budget 2022: Implement National Logistics Policy to ease supply chain bottlenecks

Firstpost  

Union Budget 2022-23: With India aiming to be a $5 trillion economy, the logistics sector will be a crucial enabler in achieving this The buzz around the Union Budget 2022–2023 is getting strong now that the government is expected to sustain India’s economic growth amidst the prevailing third wave of the COVID-19 pandemic. India’s logistics sector faces a yawning competitiveness …

How Logistics Industry Is Pushing Electric Vehicle Sales in India and the Impact of Green Tax
3 years, 11 months ago

How Logistics Industry Is Pushing Electric Vehicle Sales in India and the Impact of Green Tax

News 18  

The logistics sector has seen exponential growth in the last few years. With everything going on, the implementation of the ‘Green Tax’ by the government will have a big impact on the logistics sector. According to the ministry, transport vehicles older than eight years could mainly fall under the Green Tax radar right after they will get the notification of …

Budget 2020: Govt may consider unveiling national logistics policy; likely to set up a single-window marketplace
5 years, 1 month ago

Budget 2020: Govt may consider unveiling national logistics policy; likely to set up a single-window marketplace

Firstpost  

High logistics cost impacts the competitiveness of domestic goods in international markets. New Delhi: The government may consider the announcement of national logistics policy to promote seamless movement of goods across the country in the forthcoming Budget, sources said. The policy, which also aimed at reducing the high transaction cost of traders, may propose setting up of a central portal, …

Govt may consider unveiling national logistics policy in Budget 2020
5 years, 1 month ago

Govt may consider unveiling national logistics policy in Budget 2020

India TV News  

The government may consider announcement of national logistics policy to promote seamless movement of goods across the country in the forthcoming Budget, sources said. The policy, which also aimed at reducing high transaction cost of traders, may proposed setting up of a central portal, which will provide end-to-end logistics solutions to companies. The proposed policy will also focus on increasing …

Union Budget: Infrastructure development for driving economic growth
5 years, 8 months ago

Union Budget: Infrastructure development for driving economic growth

India Today  

Transportation infrastructure and allied services are critical growth engines for propelling India's rise as an economic superpower. While the public sector has played a dominant role in investing in infrastructure creation, the government will need increased private sector participation to supplement the rapidly growing industrial demand for a modern and robust transportation and logistics network at par with developed countries. …

Lower logistics cost to help boost exports by 5-8%; govt plans national policy to promote free movement of goods: FIEO
6 years, 1 month ago

Lower logistics cost to help boost exports by 5-8%; govt plans national policy to promote free movement of goods: FIEO

Firstpost  

The cost of logistics for India is about 14 percent of its GDP and it is far high as compared to other countries. New Delhi: Reduction of logistics cost by 10 percent will help boost the country’s exports by about 5-8 percent, exporters body FIEO said on Thursday. Federation of Indian Export Organisations president Ganesh Kumar Gupta said that implementation …

Govt looks at integrated cargo transport mode to reduce cost
6 years, 2 months ago

Govt looks at integrated cargo transport mode to reduce cost

Hindustan Times  

The government is working towards bringing in an integrated mode of cargo transport to reduce logistics cost, Union minister of road transport, highways and shipping Nitin Gadkari said Thursday. File photo of a gantry cranes loads a shipping container onto a truck from a ship docked at the Jawaharlal Nehru Port, operated by Jawaharlal Nehru Port Trust, in Navi Mumbai, …

Will bring logistics cost down to 12%: Nitin Gadkari
7 years, 4 months ago

Will bring logistics cost down to 12%: Nitin Gadkari

India TV News  

With logistics cost in India alarmingly high, the government is working towards lowering it by a third by developing coastal shipping and inland waterways as alternative modes of transport, Union Shipping Minister Nitin Gadkari said on Saturday. In his address at "World Food India 2017" here, he said the logistics cost in India was as high as 18 per cent …

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