Page 27 - ITLN July - Aug 2023 for Magzter

Setting such an ambitious aim
ndia's logistics business is
fragmented, with numerous
unorganised companies and
Ihigh logistics costs. However,
its significance became apparent
during the lockdown, when support
from logistics became critical for
performing any type of business. The
Indian logistics business is predicted
to develop significantly as a result of
many government efforts aimed at
maintaining a smooth movement of
commodities across the country.
In the 7th edition of the Logistics
Performance Index (LPI 2023), India
jumps 6 places to Rank 38 out of
139 nations in the World Bank's
logistics ranking. Since 2015, India
has undertaken a number of steps to
increase its logistics efficiency.
www.itln.in
demonstrates India's desire to improve
its logistics skills. The achievement
of this aim is dependent on a variety
of elements, including the adoption
of effective policies, infrastructural
investments, regulatory changes, and
stakeholder collaboration. Is the target
achievable by 2030? Or do we require
more time?
“This is a positive development.
It suggests that the country has
made progress in enhancing its
logistics infrastructure, efficiency,
The implementation of and connectivity. This achievement
DFCs brings advantages demonstrates a commitment to
such as reduced transit improving trade facilitation and supply
chain operations. An important step
time, lower logistics in this direction is NLP which aims
costs, decongestion to improve coordination among
of existing railway different modes of transportation and
infrastructure, and more. reduce reliance on road transport. By
These developments reducing logistics costs and improving
align with global efficiency, the NLP aligns with India's
goal of becoming a global economic
energy efficiency powerhouse and improving its LPI index
and environmental seems achievable,” said Ketan Kulkarni,
sustainability standards, Chief Commercial Officer, Blue Dart.
contributing to a higher “Why not – it is just 13 places! Global
rail transportation share competitiveness is important for India
and reduced logistics to grow and one thing that I can bet
upon is India’s prowess to transform
expenses in India. digitally. Further with the initiatives
Ketan Kulkarni of government from NLP, Unified
Blue Dart Logistics Interface Platform (ULIP) and
the ongoing development in ports, I am
very optimistic about it,” said Harpreet
The National Logistics Policy (NLP) Singh Malhotra, Chairman & Managing
and dedicated freight corridor (DFC) Director, Tiger Logistics.
initiatives are reshaping India's logistics The PM GatiShakti National Master
sector. Improving connectivity within the Plan (PMGS-NMP) fosters a coordinated
country and speeding shipments in and approach, leveraging technology
out of India will position the country as a for infrastructure planning and
geographically superior transit hub and development.
key layover spot. “Investments in trade-related soft
and hard infrastructure, along with the
To be at the 25th by 2030 implementation of supply chain visibility
The World Bank has recognized platforms like the Logistics Data Bank
India's efforts to improve logistics project, have contributed to reducing
efficiency. India has shown tremendous delays. Achieving the ambitious goal
development on 4 out of 6 LPI indicators of reaching the 25th position by 2030
as a result of numerous efforts appears feasible with continued efforts
launched over the last several years. and adaptability to changing dynamics,”
To guarantee essential efficiency said Aditya Shah, Executive Director,
in the logistics industry, the central V-Trans & CEO, V-Xpress.
government announced the NLP in “In view of the Indian government’s
2022. The government has set a target plans to create a modern logistics
of increasing its LPI score to the top infrastructure through initiatives like
25 by 2030. PM GatiShakti, it looks set that India is
25
July - August 2023