National Logistics Policy finalised, awaiting approval: Report

National Logistics Policy finalised, awaiting approval: Report

FPJ Web DeskUpdated: Tuesday, April 20, 2021, 01:22 PM IST
article-image
Representational pic | File photo

The National Logistics Policy that aims to promote seamless movement of goods across the country has been finalized and is awaiting government approval. Earlier, there were news reports that the policy is in its final stages and has been developed after wide consultations with all central ministries and other stakeholders.

Pawan Kumar Agarwal, Special Secretary (Logistics), had told reporters earlier that consultation is over and needed approval from the Union Cabinet. “It will be rolled out soon,” he had said.

The aim is to reduce the logistics cost from 13 percent of the country’s GDP at present to 8 percent in five years, he added. Agarwal also said a comprehensive institutional framework is being set up to ensure that the goals of the policy are achieved.

A National Logistics Council (NLC), Central Advisory Committee on Logistics (CACL) and an Empowered Group of Secretaries (eGoS) are planned for effective coordination and implementation. For integrated development at the state level, the framework includes a State Logistics Coordination Committee (SLCC).

He said that a National Logistics Law that would provide an agile regulatory environment through a unified legal framework for the “One Nation-One Contract” paradigm has been framed and is under consultation with stakeholders.

RECENT STORIES

'14% Of Affluent Indian Households Have Zero Savings': Saurabh Mukherjea

'14% Of Affluent Indian Households Have Zero Savings': Saurabh Mukherjea

SEBI Overhauls 30-Year-Old Stockbroker Rules With New 2026 Regulations For Easier Compliance

SEBI Overhauls 30-Year-Old Stockbroker Rules With New 2026 Regulations For Easier Compliance

US Commerce Secretary Howard Lutnick Says India-US Trade Deal Stalled As PM Modi Did Not Call...

US Commerce Secretary Howard Lutnick Says India-US Trade Deal Stalled As PM Modi Did Not Call...

SIP Inflows Hit Record ₹31,002 Crore, Equity MFs See ₹28,054 Crore Despite Overall Outflows

SIP Inflows Hit Record ₹31,002 Crore, Equity MFs See ₹28,054 Crore Despite Overall Outflows

UpGrad Ditches Unacademy Deal As Valuation Crashes 91% To $290 Million From $3.4 Billion Peak

UpGrad Ditches Unacademy Deal As Valuation Crashes 91% To $290 Million From $3.4 Billion Peak