National Logistics Policy An Economic Booster
The National Logistics Policy (NLP) aimed at developing a technologically enabled, integrated, cost-efficient, resilient, sustainable, and trusted ecosystem for accelerated and inclusive growth, is giving a push to real estate and infrastructure. Vinod Behl
For the past 8 years, the Modi government had been working relentlessly towards improving connectivity through systematic infrastructure development with trailblazing schemes like Bharatmala and Sagarmala. However, high logistics costs have been a hurdle for economic growth. In the works for the last 3-4 years, the NLP has been designed to complement PM Gati Shakti Plan to maximise its impact for speeding up economic growth.
NLP has three basic targets: reduce the cost of logistics and be comparable with global benchmarks by 2030, improve the Global Logistics Performance Index ranking; and create a data-driven decision support mechanism. The target is to place India among the top 25 nations by 2030 - up from the 44th ranking of 2018.
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NBM&CW October 2022