India Inc, particularly the logistics industry, has hailed the launch of the New Logistics Policy (NLP) by the government.
Launched on September 17, the much-awaited policy framework caters to all the key stakeholders across the country’s vast yet fragmented logistics landscape. The new framework comes with a special emphasis on streamlining processes for seamless coordination, and reduction in overall logistics cost, besides pushing employment generation and skilling of the workforce. Notably, while launching the policy,
Prime Minister Narendra Modi said, “From 13 to 14% logistics cost, we should all aim to bring it to single-digit as soon as possible. This is a low hanging fruit, if we have to become globally competitive.” The PM further asserted that the PM Gatishakti National Master Plan will support the National Logistics Policy.
The government further stated that Unified Logistics Interface Platform ULIP will bring all the digital services related to the transportation sector into a single portal. Freeing the exporters from a host of very long and cumbersome processes. Under the mega policy vision, a new digital platform Ease of logistics Services – e-logs has also been started. Through this portal, industry associations can directly take up any such matters which are causing problems in their operations and performance with the government agencies. A complete system has also been put in place for the speedy resolution of such cases.
Industry observers are of the view that NLP will bring in a brand-new transformative approach to the country’s logistics ecosystem. Leading to increased efficiency across supply chains. Arindam Guha, Partner, Government & Public Services Leader, Deloitte India. Expects the new scheme to facilitate a modal shift in logistics — from the current over-dependence on roads (over 60% share currently as against 25% globally) to railways (30% currently vis-à-vis around 60% globally) and waterways that currently has only 5% share in the modal mix.
Stakeholders in the logistics industry have called the NLP a huge leap forward for the country’s logistics sector.