Objectives of National Logistics Policy
- Establishing a one-stop online market for national logistics. It will simplify export/import documentation and promote transparency by digitizing procedures involving Customs, PGAs, and other parties in regulatory, certification, and compliance services.
- Establishing a center for data and analytics to promote openness and ongoing observation of important logistics metrics.
- Encouraging collaboration between business, academia, and the government to establish a center of excellence for logistics and foster innovation in the industry.
- Developing and maintaining a master plan for all logistics-related development, known as an Integrated National Logistics Action Plan.
- Encouraging commerce and hence economic growth by enhancing export competitiveness.
- Creating an additional 10–15 million jobs to double the sector’s employment while concentrating on improving skills and promoting gender diversity.
- India’s position in the Logistics Performance Index should rise to between 25 and 30.
- Strengthening the warehousing industry in India by raising the standard of storage facilities nationwide, including specialist warehouses.
- Using efficient agri-logistics to cut agri-wastage losses to less than 5%.
- Creating a cost-effective logistics network to support the country’s MSME sector = Enabling a smooth flow of goods to support cross-regional trading on e-commerce platforms.
- Promoting the country’s adoption of green logistics Policy thrust areas.
National Logistics Policy 2022
The entire procedure of acquiring, storing, and delivering resources to their intended location is referred to as “logistics“. Among other things, it includes stock, tools, people, and raw materials. The National Logistics Policy was created to improve integration and cooperation between corporate entities, governmental organisations, and society at large in order to turn the Indian logistics industry into a significant driver of economic growth. The NLP strives to establish a thriving logistics ecosystem that encompasses all participants from many industries, including business, manufacturing, services, and agriculture. The NLP also offers a framework for supporting improved movement of commodities through contemporary transportation infrastructure across all modes of transportation, including roads, trains, waterways, etc., along with increasing the quality of traffic control systems. The goal of the strategy is to give multimodal connectivity infrastructure to various economic zones in addition to PM Modi’s Gati Shakti-National Master Plan, which was introduced in 2021. About eight years it took to develop NLP. Changes in policy and significant decisions are being taken to speed up last-mile delivery, put an end to transportation-related problems, save manufacturers time and money, and prevent the loss of agricultural products. Sector speed, value generation, and entrepreneurship will all increase when coordination is improved.
Inaugurating the eagerly expected National Logistics Policy was Indian Prime Minister Narendra Modi on September 17, 2022. By offering a framework for creating a sustainable and successful logistics business, it seeks to accelerate the transformation of the Indian logistics industry. After expanding at a CAGR of 7.8 percent over the previous five years, Investment Information and Credit Rating Agency of India Limited (ICRA) predicts that the industry will expand at a CAGR of 10.5 percent through 2025. In India, this industry employs more than 22 million people, and it is predicted that through skill development, it would expand at a rate of 5% over the next five years. Recently, the government announced the National Logistics Policy (NLP) 2022, with the goal of achieving “rapid last-mile delivery” and resolving transportation-related issues.