News Details

New Logistics Division created in Department of Commerce

 

A new Logistics Division has been created in the Department of Commerce to develop and coordinate implementation of an action plan for the integrated development of the logistics sector, by way of policy changes, improvement in existing procedures, identification of bottlenecks and gaps, and introduction of technology in this sector. This was announced during the presentation of the Mid-Term Review of the Foreign Trade Policy (FTP) 2015-20 here on Tuesday.

 

As per a release, the Logistics Division proposes to create an IT backbone and develop a National Logistics Information Portal which will also be an online logistics marketplace, to bring together various stakeholders, viz. logistics service providers, buyers, as well as Central and state government agencies such as Customs, DGFT, Railways, ports, airports, inland waterways, coastal shipping, etc., on a single platform.

 

This will positively impact both domestic movement of goods by bringing down the overall cost and increasing the speed and ease of goods movement, and the global competitiveness of Indian goods.

 

These steps would improve India’s ranking in the Logistics Performance Index (LPI) and promote exports and enhanced growth, the release emphasised.

 

Source: Exim News Service - New Delhi, Dec. 6

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