- The government has released the National Logistics Policy 2022 as a comprehensive effort to address issues of high cost and inefficiency by laying down an overarching interdisciplinary, cross-sectoral and multi-jurisdictional framework for the development of the entire logistics ecosystem.
- NLP targets to bring the logistics cost down to 8 per cent by 2030.
- The NLP expects this reduction through the implementation of a five-pronged strategy.
- Pushing up the share of railways from the current 28 per cent to 40 per cent.
- Setting up multi-modal logistics parks by encouraging private investment in hotspots identified on the GatiShakti platform.
- Giving special emphasis to inland water transportation, coastal shipping, and moving liquid bulk cargo via pipelines.
- Specific plans are to be drawn up for 15 industries that constitute the majority of bulk cargo movement.
- Digital integration is to be achieved for tracking and monitoring.
Why in News?
- India marks one year of launch of National Logistics Policy on 17th September 2023.
- The targets of the NLP are to:
- Reduce cost of logistics in India;
- improve the Logistics Performance Index ranking – endeavor is to be among top 25 countries by 2030, and
- create data driven decision support mechanism for an efficient logistics ecosystem.