The National Logistic Policy will be introduced by PM Modi on his birthday

• Image Credit: Internet

• Sep 15, 2022 | Sourav Boruah

mso-fareast-font-family:"Times New Roman";mso-bidi-font-weight:bold">Digital desk:
On his birthday, September 17, Prime Minister Narendra Modi will inaugurate the
National Logistics Policy at Vigyan Bhawan.

mso-fareast-font-family:"Times New Roman"">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.

 India falls significantly behind nations like the United
States and China, which are placed 14th and 26th, respectively, in the 2018
World Bank Logistics Index for logistics costs.