India’s National Logistics Policy (NLP) aims to lower the cost of logistics, improve liveability and further improve the Ease of Doing Business. National logistics policy is an attempt to solve the issue of high costs and inefficiencies. Due to National Logistics policy, In comparison to Japan and Germany, India presently spends 13 to 14 percent of its Gross Domestic Product (GDP). It is the foundation of an economy that accounts for 14.4% of the nation’s GDP and employs more than 22 million people. By making Indian goods more competitive, the National logistics hopes to improve these factors in terms of economic growth and opening up more employment prospects. India currently has the world 's highest youth population, IT infrastructure and stands at 5th largest economy of the world.

New National Logistics Policy will create a modern infrastructure of the highest caliber, increasing project efficiency and synergy. By tackling supply-side restrictions, reducing regulations, and covering all bases, the new strategy will also help the nation’s logistics industry develop into an integrated, affordable, resilient, and sustainable logistics ecosystem. The National Logistics Policy 2022 has four features that will be implemented through the Comprehensive Logistics Action Plan (CLAP):
Integration of Digital System (IDS)Through this there will be digital integration of different systems of seven various departments like road transport, railways, aviation, etc. Unified Logistics Interface Platform (ULIP),This ensures shorter and smoother cargo movement and enables the exchange of information confidentially on a real-time basis. This National Industrial Corridor Development Corporation (NICDC) Logistics Data Bank Project has been leveraged. Next in line is Ease of Logistics (ELOG), this will enable and ensure the ease of logistics business through transparency and accessibility Last but not the least is the System Improvement Group which will monitor all logistics-related projects regularly.

So with this new national logistics policy 2022, the aim is not only to organize our transportation sector but also simultaneously make our country more cost efficient by 2030. So what are your thoughts on this, let us know in the comments below.

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