About

• 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.

https://pib.gov.in/PressReleasePage.aspx?PRID=1957407