Govt notifies National Logistics Policy to focus on export, import

The National Logistics Policy (NLP), notified by the government on Thursday, has proposed to develop a national trade facilitation action plan to look at issues pertaining to export and import logistics, and facilitation of development of logistics parks.

The other key action areas include integrated digital logistics systems; standardisation of physical assets and benchmarking service quality standards; logistics human resources development and capacity building; and state engagement, the Department for Promotion of Industry and Internal Trade (DPIIT) said while notifying the policy which was launched by Prime Minister Narendra Modi earlier this month.

Infrastructure ministries including rail, highways, ports and steel, will have to prepare sector-specific plans to increase logistics efficiency in consultation with various stakeholders within six months.

The policy has also called for the integration of all logistics-related digital portals and IT solutions of key infrastructure ministries and revenue department, and the soft launch of the initiative called Unified Logistics Interface Platform (ULIP) to be facilitated within six months.

As per the policy, the relevant line ministries will work on financial and fiscal incentives to achieve these goals.

This would be done through the review of Goods and Services Tax rates, and regulatory interventions to promote multimodal transportation, optimal modal mix, energy efficiency through the adoption of technologies.

Source from - https://economictimes.indiatimes.com/news/economy/policy/policy-to-focus-on-export-import-logistics/articleshow/94542979.cms