Govt to soon come up with National Logistics Policy

By Accommodation Times Bureau


The Commerce and Industry minister on Monday said, expenditure on investment in logistics, including infrastructure, will touch USD 500 billion, annually, by 2025. He further said that this will create millions of jobs and also do away with the hurdles hampering India’s internal and global trade.

The Ministry is working on a National Logistics Policy and also bringing out a policy on the development of Multi-modal Logistics Parks to be announced soon, he said.

During recent years, the Indian government has taken many measures to improve the trade performance through efficient and effective logistics. The measures include smoothening of the border and cross-border documentation and activities, dedicated freight corridors, investments in port and other infrastructures, alignment of all business processes thus attempting to improve logistics performance of the country.

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