National Logistics Policy in India: Logistics for the Future

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Logistics plays a crucial role in the economic growth of a country as it efficiently moves resources from one location to another. Optimising logistics operations saves time and cost and improves overall operational efficiency. As a result, efficient logistics systems become the major driver of business growth and global competitiveness. Realising this, the Indian government laid its landmark National Logistics Policy (NLP), changing the supply chain environment in the country.

Let’s take a deeper look at NLP, its main objectives, features, and its future impact on the logistics sector in India.

national logistics policy: new era for logistics
National Logistics Policy Goals and Objectives:
India has recognised the need for a national logistics policy due to the high cayman islands phone number list logistics costs compared to other developed economies. Currently, logistics costs account for 14-18% of GDP, significantly higher than the global best practice of 8%. This places Indian goods at a disadvantage in the international market.

The primary goals of NLP are:

Cut logistics costs by half and, by 2030, reach standardised global costs. This will propel India to the top 10 countries on the Logistics Performance Index.