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By Sam Whelan
India is targeting the digital logistics revolution to reduce its high supply chain costs, with the country’s freight forwarders at the centre of the action.
A draft national logistics policy, set for release this year, aims to bring down logistics costs from 14% of GDP to 10% by 2022.
To achieve this, the government plans to create a national logistics “e-marketplace” to simplify import-export documentation and drive transparency, via the digitisation of processes such as customs and regulatory compliance.
India’s new online port ...
Comment on this article
Murali Narayanan
October 28, 2019 at 8:44 amTo bring down the logistics cost the industry and ministry is neglecting some major concerned areas like infrastructure development, high transportation cost due to pathetic infrastructure, high THC, High CFS cost, all these pertaining to both Import and Export trade. These are few points. There could be many more valid areas of improvement which can help to bring down the logistics cost as per global standards.