The Indian logistic market has an estimated value of $250 billion in the fiscal year 2021 and in order to make the logistic department more efficient for the local citizens of India, it is necessary to make it a unified portal that is available online for the help of all of the people who are doing businesses in India. You can check out the details related to the National Logistics Policy 2024 from the article provided below and we will also share with you all the steps through which you will be able to check the features and the objective of the scheme and the benefit of the scheme in order to continue your businesses in India.
About National Logistics Policy 2024
The logistics cost in India will be decreased through the development of the National Logistics Policy as per the promises made by the Prime Minister during the launch of this scheme. The Prime Minister aims to provide less cost to the people who are taking into concentration logistic businesses in India the cost will be reduced to eight percent. The main benefit of the scheme will be provided to the new businesses who are not able to take into consideration their business activities due to the increased cost that they have to give to the logistics department. The logistics department will be digitized and it will give competition in a global market. You can access a unified portal in order to get the benefit related to the new and efficient logistic department of India.
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Objective Of National Logistics Policy
The main objective of the scheme is to provide proper opportunities for all the businesses that are not able to incorporate logistics in their business because of the high logistics cost that is present in the country. The national logistics policy 2022 creates in order to provide proper opportunities to all the businesses through which they will be able to decrease their cost going into logistics. The online and international presence will be provided to the logistics sector in India through the development of this policy. The Policy was initiates in the year 2020 by the finance minister so that the country can come in the top 25 countries as per the logistic performance index by 2030. A unified portal will creates in order to help with the development of new and improved logistics development.
Features Of National Logistics Policy
The following features are includes in the National Logistics Policy by the Prime Minister:-
- 30 online systems will integrate for the road, rail, customs aviation, international trade, and Commerce ministries in India so that their presence is fill online.
- Cargo Movement in India will improve through the unified logistic interface platform.
- Ease of logistics will be provided in India through regulations made by the logistics industry.
- The system improvement group will access all of the logistic-related projects and it will also remove all of the barriers.
- The young population of India will be able to get benefit from this scheme and they will be able to get job opportunities also.
Benefits Of National Logistics Policy
The following benefits will be provided to all the people through the implementation of this scheme:-
- The logistic cost will reduce from 15% to 8% of India’s GDP and there will be promotion of exports and domestic product efficiency will increase.
- The government will aim in order to become top 25 countries in the logistic performance index by the year 2030.
- There will be re-engineering, digitalization, and multi-modal transportation through the development of this policy.
- The benefit of this scheme will provides to the businesses and the logistic cost will decrease.
- The national logistic Policy was initially mention by Finance Minister Nirmala Sitaram in the year 2020.
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Launch Of National Logistics Policy 2024
The Prime Minister Narendra Modi launched the scheme with a brand new online portal known as the ease of logistics services e-logs. The industries will be able to directly talk about their issues to the government entities through the development of this portal and this will also help when improving the logistics department.