Budget 2022: Implement National Logistics Policy to ease supply chain bottlenecks
2 years, 11 months 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 gap With India aiming to be a $5 trillion economy, the logistics sector will be a crucial enabler in achieving this. But, the National Logistics Policy, which has been under discussion for a while, needs to be implemented fast to ease the supply chain bottlenecks and expedite the development of an integrated logistics ecosystem. Reducing logistics cost and time, ramping up the manufacturing sector with incentives, and driving more efficiency across the supply chain will bring India closer to achieving this milestone.

Global India Supply Budget Manufacturing Logistics Supply Chain Sector Chain Ease  national  bottlenecks  manufacturing  local  ease  policy  chain  sector  implement  logistics  budget  reducing  global  2022  india  supply

History of this topic

Economic Survey 2023-24: GST played remarkable role in reducing logistics cost
5 months 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
5 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
5 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, …

CII Calls for Technological Boost to Enhance Export Competitiveness
7 months, 4 weeks ago

CII Calls for Technological Boost to Enhance Export Competitiveness

Deccan Chronicle  

Industry body CII on Thursday said that steps such as increasing investments in the latest technologies for tracking and handling cargo, training workforce, and timely completion of critical infrastructure projects would help enhance the competitiveness of India's exports. Speaking at CII’s conference on Resilient Export Logistics for Trade and connectivity here, chairman of the CII national committee on EXIM Sanjay …

Winds of change as uniform packaging rules set to ring in lower logistics costs
1 year 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, 2 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, 5 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- …

5 trends Indian Ecommerce industry can expect to see in 2023-24 and how to prepare
1 year, 9 months ago

5 trends Indian Ecommerce industry can expect to see in 2023-24 and how to prepare

India TV News  

The Indian e-commerce ecosystem underwent significant changes in 2022. E-commerce businesses should optimize their platforms for mobile users and invest in mobile app development to offer a seamless shopping experience to customers. E-commerce businesses should leverage social media to promote their products and engage with customers, as well as explore integrating social commerce features into their platforms.” “Consumers are looking …

The ideal track to run India’s logistics system
1 year, 9 months 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 …

Union Budget 2023-24: Consumer Electronics sector expects proposals to bolster its growth
1 year, 10 months ago

Union Budget 2023-24: Consumer Electronics sector expects proposals to bolster its growth

Firstpost  

It would also be very helpful to the sector if the government provides incentives for the domestic design and manufacture of electronics Around 62 per cent of industry leaders were optimistic about India’s growth prospects in 2023, according to a recent survey by Deloitte. Outlook for electronics sector In recent years, there has been a lot of discussion around India …

Budget 2023 Expectations: Focus On Air Cargo, Adequate Funding Under National Logistics Policy
1 year, 11 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
1 year, 11 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 …

India is a glimmer of hope in a slowing world
1 year, 11 months ago

India is a glimmer of hope in a slowing world

Live Mint  

As we welcome 2023, there is much to be optimistic about and as much to reflect on. From bringing global manufacturing and supply chains to India to striking astute bilateral trade deals to building the much-needed infrastructure at a steady pace, the Prime Minister has dramatically altered not only the ease of doing business but also rendered the country a …

Defence Diary: DefExpo Showed India’s Potential as Exporter but Policy Play Needs More Push
2 years, 1 month ago

Defence Diary: DefExpo Showed India’s Potential as Exporter but Policy Play Needs More Push

News 18  

The DefExpo-2022 — India’s largest defence exhibition held in Gujarat’s Gandhinagar last week — brought to the fore an impressive number of Indian companies showcasing their offerings spanning new technology as well as modern platforms and equipment in use with the defence services. DefExpo-2022 underlined the twin ambitions of India in the defence sector—one is to be self-sustaining by full …

National Logistics Policy: What makes it so relevant and how PM Gati Shakti gives the right thrust
2 years, 2 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, 3 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 …

Does new logistics policy make related-stocks a favourable bet?
2 years, 3 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, 3 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, 3 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 …

National Logistics Policy: Decoding PM Modi’s Return Gift to India on 72nd B’day That Will Aid 22 Million People
2 years, 3 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 …

PM Modi To Introduce National Logistics Policy Cut Cost Of Logistics Ease Of Business
2 years, 3 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, 3 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, 3 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, 3 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 …

The GST launch: An inflection point for India’s logistics sector
2 years, 5 months ago

The GST launch: An inflection point for India’s logistics sector

Live Mint  

Five years after the GST roll-out, one can say that India has truly benefited from this game-changing implementation of “One nation one Tax”. Logistics service providers have become part of manufacturing supply chains. It is estimated that for each percentage-point rise in manufacturing sector output, the logistics and supply chain industry has to grow one-and-a half times as much. One …

India's e-commerce market to reach $120 billion by 2026, says report
2 years, 5 months ago

India's e-commerce market to reach $120 billion by 2026, says report

Firstpost  

The joint report, released by industry body FICCI and property consultancy Anarock on Thursday, said the market size of retail segment is estimated to grow to more than $1.8 trillion by 2030 from $705 billion in 2020 New Delhi: Indian e-commerce market is expected to reach $120 billion by 2026 from as low of $38 billion in 2021, and this …

Giving tech to wheels: How Trucknetic is transforming the logistics sector
2 years, 5 months ago

Giving tech to wheels: How Trucknetic is transforming the logistics sector

Deccan Chronicle  

Now-a-days, the world seems to be moving at unattainable speeds and the benefits of technology have made it possible to automate and simplify communication, in turn bringing about a revolution in business and logistics processes. The introduction of modern and new technologies such as artificial intelligence, machine learning and blockchain has transformed the unorganised and fragmented logistics sector. Arham Pratap …

Unlocking Jobs is Punjab’s Big Challenge, AAP Govt Must Get Ease of Logistics on Track
2 years, 8 months ago

Unlocking Jobs is Punjab’s Big Challenge, AAP Govt Must Get Ease of Logistics on Track

News 18  

The Aam Aadmi Party government has been formed in Punjab with a big mandate to perform and fulfil the expectations. First, for road transportation, the new government must reconsider the previous government’s decision of reinstating truck unions in Punjab; the cartelisation will deprive the industry of a level-playing field. Second, to overcome the locational disadvantage of Punjab being a landlocked …

Budget 2022: Exporters seek support measures to boost shipments
2 years, 10 months ago

Budget 2022: Exporters seek support measures to boost shipments

Firstpost  

The Federation of Indian Export Organisations said the export sector is facing major issues due to rising freight cost and its dependence on global shipping companies Exporters have demanded support measures, including enhanced allocations for RoDTEP scheme, high import duty on plastic finished goods, setting up of an Indian shipping line and reinstating exemption for duty free import of critical …

India can help change global supply chains: Foreign minister Jaishankar
3 years, 7 months ago

India can help change global supply chains: Foreign minister Jaishankar

Hindustan Times  

Union minister of external affairs S Jaishankar on Thursday spoke on shaping the post-coronavirus era with a specific relevance to the role that Asia would play at the 26th ‘Future of Asia’ Conference organized by Nikkei. Foreign minister S Jaishankar He said among other things coronavirus disease has reshaped the world by changing the perceptions and calculations of nations about …

How Logistics Industry Is Pushing Electric Vehicle Sales in India and the Impact of Green Tax
3 years, 8 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 …

How to make a career in logistics business: All you need to know
3 years, 9 months ago

How to make a career in logistics business: All you need to know

India Today  

The covid-19 pandemic disrupted labour & workforce markets globally. Nirmala Sitharaman increased the infrastructure spending significantly with focus on new economic corridors, improved road, railway infrastructure and push towards digitalisation, which bolstered the Indian Logistics sector. Below are few skills, which will help one in making a career in the logistics business Problem solving using technology: With the rise in …

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