National Logistics Policy To Spur Investments & New Growth Centers
Shishir Baijal, Chairman and Managing Director, Knight Frank India expressed, “The Prime Minister has reiterated the commitment towards the growth of logistics in India. One of the most important policies, the new Logistics Policy is a fine example of inter-ministerial collaboration. This policy will further help integrate the supply chain making it more efficient driving down logistics and inventory costs and reduce bottlenecks at the same time make it more agile and responsive. The Multi – modal logistics park, which identifies 35 locations covering the length and breadth of the country, will be instrumental in creating new centres of growth. We welcome the announcement and look forward to the growth of the sector.” Rizwan Soomar, Chief Executive Officer, and Managing Director –DP World Subcontinent said, “The launch of the National Logistics Policy is a seminal moment for India’s logistics sector. The multi-pronged approach by the Government adopted in the policy to suggest regulatory and procedural reforms across infrastructure, services and human capital provides a comprehensive strategic direction to the sector and will be a key catalyst in attracting investments. The focal push for digitisation through platforms like ULIP and E-LogS is crucial to support the designed Services Improvement Framework in improving regulatory inter-operability, standardisation of logistic processes and in bringing the entire multimodal network onto a single digital dashboard, enhancing visibility and transparency for all stakeholders. The suggested Services Improvement Group will significantly bolster coordination across governance frameworks to energise the logistic chains to contribute geometrically in the PM GATI Shakti National Master Plan, improving efficiency and reducing logistics costs. The policy’s focus on promoting green logistics, by increasing the freight share for sustainable modes of transport like rail, inland waterways and coastal shipping is also a welcome move. The Comprehensive Logistics Action Plan and its carefully crafted eight pillars will help operationalize the NLP in its quest to build sound logistics infrastructure in the country helping make Indian exports competitive and provide a gateway for businesses to seamlessly mesh with global value chains.”
Tags : National Logistics Policy Investments Growth Shishir Baijal Chairman and Managing Director Knight Frank India Rizwan Soomar Chief Executive Officer and Managing Director DP World Subcontinent