The national logistic policy aims to create a window to regulate the market of e-logistics. This is done to help MSMEs with developing and nurturing skills, efficiency, competitiveness, and business opportunities. This policy was drafted and introduced by the Indian ministry of commerce and industry. The main motive behind implementing this policy is to improve Indian representation in foreign markets.
This policy also focuses on the following areas:
In simple contexts, this policy intends to develop a trusted, cost-effective, public-friendly, robust, and technology-enabled ecosystem in India to facilitate equitable and swift growth eventually. Several experts acknowledge this policy as the lifeline or heart of the economic policy of India. Combined with a brilliant performance, this monetary poliy can ensure progress and better results.
This policy aims to cut down the logistics expenses of India (which is currently 14% of the gross domestic product) to a figure below 10% of the gross domestic product by the end of 2022, regardless of the highly disconnected nature of the logistics industry of India. This policy also improves the competitiveness of Indian products in the international markets.