Logistics: The Mega Logistical

November 30 , 2022

Source: Business World:

As India chases the kind of growth that will make it a developed country by 2047, it is seeking to set its economy in order one sector at a time through policies that it hopes will help rid the economy of all bottlenecks and promote efficiency and competitiveness. 

A case in point is the recently announced National Logistics Policy (NLP) the successful implementation of which is expected to enhance overall economic prosperity by lowering the cost of doing business and ensuring the seamless movement of goods. It will ensure that India compares favorably with the best countries in global benchmarks by 2030 in the Logistics Performance Index ranking. How? By addressing infrastructure and procedural gaps, adopting international best practices to improve linkages with global value chains, and developing green channels for EXIM (export-import) trade. 

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