National Logistics Policy - Laying the groundwork for future

In our cover story this month, we have industry leaders from different areas of the logistics supply chain weighing in on and speaking about what drives the NLP and what this policy seeks to solve for the nation. 'Global competitiveness' is the key idea the policy embodies.

The Indian PM while launching it enumerated that it has been built on the back of a slew of policy initiatives like the PM GatiShakti National Master Plan, Sagarmala, Bharatmala, creation of Dedicated Freight Corridors, the Kisan Rail, Kisan Udan experiments, Krishi Udan, various PLI schemes, the paperless EXIM trade process through e-Sanchit, the faceless assessment for customs, provisions for E-way bills, FASTag, GST and the new drone policy among others.

“From 13-14 percent logistics cost, we should all aim to bring it to single-digit as soon as possible. This, in a way, is a low-hanging fruit, if we have to become globally competitive”, Indian PM Narendra Modi emphasised.

“This policy will aim at making India’s logistics to global standards. Implementing the NLP will enhance the competitiveness of Indian commodities at home and in international markets, enhance the efficiency of multiple industries, and boost the value of services." - CEO of Gubba Cold Storage, Gubba Kiran,

“The PM GatiShakti initiative for establishing intermodal connectivity as well as the development of warehousing, fulfillment centers, logistics parks, ports, and airports will allow for increased capacity and faster transit times. Additionally, the ULIP will allow for cross-sectoral information sharing for all logistics stakeholders in a transparent and real-time manner.”- Yogesh Dhingra, CEO & Founder of Smartr Logistics

"The goal to reduce dependence on the road network will work out in the long run only if the railways chip in with a robust freight movement strategy to support the logistics sector in the country. This means focusing on high-speed freight corridors, increasing line-haul capacity, and building terminal facilities." - Gautam Kumar, COO & Co-founder, FarEye

“Because of the involvement of multiple stakeholders in several countries throughout the supply chain, the digital transformation of organizations and operations is critical.” - Homi Katgara, Partner at Jeena & Company

“We feel that integrating various technology-focused schemes run by the government for the development of low-cost prototypes will further amplify the adoption of such technologies. Similarly, offering tax benefits with a sunset clause will encourage developers to actively invest in such technologies which will in turn benefit the ecosystem." Abhijit Verma, Managing Director, AA Holdings & Avinya Industrial & Logistic Park

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