New Delhi: Prime Minister Narendra Modi will launch the National Logistics Policy in the country on September 17, his 72nd birthday. Its objective is to make the movement of goods cheap, easy and easy across the country. This will promote the smooth movement of products and reduce the cost of freight. Under this policy, the facility of single window clearance will be available, which will increase exports by 5-8%.
The purpose of introducing the logistics policy is to give a boost to this sector. Currently, the logistics cost in India is around 14% of the total GDP. The government aims to bring down the cost of freight from 9 to 10% of GDP through this policy. The cost of freight in the USA, China, and many European countries is less than 5% of their total GDP.
The e-logs portal has been created to avoid various types of paperwork in exports. With the help of the e-logs portal, the clearance will be given in the stipulated time and the same document will not have to be sent to different departments. This will reduce the overall cost of the commodity, making Indian goods cheaper in the global market.
Two virtual platforms Unified Logistics Interface Platform (ULIP) and e-logs will be used. Departments like Railways, Shipping, Civil Aviation, Road Transport, GSTN, NPCI, Customs, and DGFT will be associated with the ULIP. Merchants will apply to ship their goods on this and all departments will give their feedback on that application. That is, from the same portal, traders will be able to send goods by rail, road, sea, and air.