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National Logistics Policy soon: Indian minister

19
Sep '19
Pic: Shutterstock
Pic: Shutterstock
India will soon release a National Logistics Policy to reduce the cost of logistics to at least below 10 per cent, according to commerce and industry and railways minister Piyush Goyal, who told a forum that an effort involving the railways, ports, the shipping and airline industries and the road transport ministry is under way to work on the programme.

The Asia Pacific Trade Facilitation Forum 2019 in New Delhi, which is in its ninth edition, was held for the first time in India recently and jointly organised by the commerce ministry, the Asian Development Bank (ADB), the Confederation of Indian Industry (CII) and the United Nations Economic and Social Council for the Asia and Pacific (UN-ESCAP).

Goyal said the implementation of the goods and services tax (GST) has significantly reduced the travel time for long distances through road transport with entry points becoming seamless. The efficiency of road transport has caused a bit of stress for the railways, which is competing with far more efficient road transport system, Indian media reports quoted him as saying.

The National Committee on Trade Facilitation, chaired by the cabinet secretary, is working to make trade facilitation a reality. As many as 76 specific action points on trade facilitation are being monitored at the highest level, he said. (DS)

Fibre2Fashion News Desk – India


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