Digital desk:
On his birthday, September 17, Prime Minister Narendra Modi will inaugurate the
National Logistics Policy at Vigyan Bhawan.
The logistic policy seeks to reduce logistic costs while enhancing the
competitiveness of domestic products on the international market. India spends
between 13 and 14 percent of its GDP on logistics expenses. While nations like
Germany and Japan, who are renowned for their highly developed infrastructure
and procedures for logistics, spend just about 8% to 9% of their GDP on
logistics.
More than 20 government organisations, 40 partner government agencies (PGA), 37 export promotion councils, 500 certifications, more than 10,000 goods, and a $160 billion market are involved in the logistics industry.
