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National logistics policy to boost easing of doing business, cut transportation cost

September 17 , 2022

Source: Times of India:

The National Logistics Policy, unveiled by Prime Minister Narendra Modi, will further help in improving ease of doing business and significantly reducing transportation cost, according to the Indian industry.

The policy seeks to address challenges facing the transport sector and bring down the logistics cost of businesses from 13-14 per cent of the GDP to a single digit in the coming years.

"Reduced logistics cost and increased logistic efficiencies will energise the economy across sectors in multiple ways and take us many steps closer to emerging as a global manufacturing powerhouse," CII Director General Chandrajit Banerjee said in a statemen

He said that besides improving ease of doing business, it would help in ensuring speedier and seamless movement of cargo and people across modes of transport -- water, air, roads, railways.

Sharing similar views, Assocham said that the policy will substantially reduce transaction costs across the supply chain.

Enabled by different technologies, the policy focuses on unified measures across different logistics modes, including roads, rail, ports, airports and warehousing, that will give a decisive edge to ease of doing business in India," the chamber said.