NEWS
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- Government has released the draft National Logistics Policy.
- The policy has been prepared by the Ministry of Commerce and Industry in consultation with the Ministries of Railways,Road Transport and Highways,Shipping and Civil Aviation.
- The aim of the policy is to reduce the logistics cost from the present 14% of GDP to less than 10% by 2022.
- However,the Express Industry Council of India(EICI) has said that the policy has overlooked the role of the express industry(courier and parcel service) and air cargo sectors.
- EICI has said that in developing countries such as India,an efficient air express infrastructure could contribute directly to global competitiveness of the country by ensuring just-in-time deliveries and reducing clearance dwell time.
- The Indian logistics sector provides livelihood to more than 22 million people and improving the sector will facilitate 10 % decrease in indirect logistics cost leading to the growth of 5-8% in exports.
