New Delhi. Launching the National Logistics Policy on Saturday, Prime Minister Narendra Modi said that this policy will provide solutions to the challenges of the transport sector, increase the speed of last mile delivery and save money for businesses. gonna do. The policy is expected to bring down the logistics cost of businesses to single digits from the current 13-14 per cent.
The Prime Minister said that today the total capacity of Indian ports has increased significantly and the average ‘turn-around time’ of ships has come down from 44 hours to 26 hours now. He said that the Sagarmala project connecting the ports and dedicated freight corridors has started improving the logistics connectivity and systematic work of infrastructure development.
According to a government official, the policy will help in reducing the cost by 7.5 per cent in the coming years. Policy elements such as Unified Logistics Interface Platform (ULIP) and Ease of Logistics Services (eLogs) will help exporters and industry to enhance logistics efficiency.
There is a connection with the launch of National Logistics Policy and the release of cheetahs on the same day. We want our logistics to move at the same speed of the Cheetah: PM Narendra Modi at the launch of the National Logistics Policy, in Delhi pic.twitter.com/4gtgJZJwM7
— ANI (@ANI) September 17, 2022
ULIPs will bring all the digital services related to the transport sector into one portal and will free the exporters from the very lengthy and cumbersome processes. Similarly, e-logs portal has also been launched through which industries can directly raise any issues which are causing problems in their operation and performance with the government agencies.
The Prime Minister said that a complete system has also been prepared for speedy resolution of such cases. He said that the government is using technology to strengthen the logistics sector. Faceless assessment of customs and e-way bills has started and FASTag is bringing efficiencies in the logistics sector. He said that drones will improve this further. He said that the capacity of the ports has been increased and the turnaround time of the container vessel has been reduced from 44 hours to 26 hours.
Modi said India has now become the fifth largest economy in the world and is emerging as a manufacturing hub. He said that the world has accepted the Production Linked Incentive Scheme (PLI) launched by the government to promote domestic manufacturing. He said that to strengthen the logistics sector, the government is using technology and the system of assessment without going in front of an official has been started in Customs.
Experts across the world are saying that India is emerging as a democratic superpower today. They are very impressed with India’s extraordinary talent ecosystem. To become a developed India, we need to compete with other developed countries of the world effectively: PM Modi pic.twitter.com/OqGnXJQ1fW
— ANI (@ANI) September 17, 2022
At the same time, e-way bill and FASTag are also increasing the effectiveness in the logistics sector. Referring to strengthening its support mechanism for penetration of Indian products into markets across the globe, the Prime Minister said that the National Logistics Policy would help modernize the support system. Modi said that global experts say that India is emerging as a superpower of democracy and these experts are impressed by India’s unprecedented efficient environment.
“Experts are appreciating India’s determination and progress,” he said. Referring to the drone policy, the Prime Minister said that this would improve the logistics sector. He said the policy, designed to help spur growth after two years of the pandemic, will streamline regulations, remove bottlenecks in the supply chain and provide a framework to reduce fuel costs and logistics costs. The Central Government has been working on the National Logistics Policy for the last three years. The Commerce Ministry had released this draft policy in 2019 but it was delayed due to Kovid-19. Finance Minister Nirmala Sitharaman once again announced this policy in the Budget 2022-23. (agency)