BrahMos WORLD INDIA MADHYA PRADESH BHOPAL WTN SPECIAL Astrology GOSSIP CORNER SPORTS BUSINESS FUN FACTS ENTERTAINMENT LIFESTYLE TRAVEL ART & LITERATURE SCIENCE & TECHNOLOGY HEALTH EDUCATION DIASPORA OPINION & INTERVIEW RECIPES DRINKS FUNNY VIDEOS VIRAL ON WEB PICTURE STORIES
WTN HINDI ABOUT US PRIVACY POLICY SITEMAP CONTACT US
logo
Breaking News

Expensive freight can soon get rid of

Wednesday - January 29, 2020 2:31 pm , Category : BUSINESS
Transportation sets more expensive in India than other countries of the world
Transportation sets more expensive in India than other countries of the world

Modi government can bring the new logistics policy to make transportation cheaper

JAN 29 (WTN) - Modi government has been famous for bold and historical decisions. As far as the decisions related to the economy are concerned, the demonetization and the GST are considered the bold economic decisions of the Modi government. Here, the Indian economy, which is recovering from the economic slowdown, is going to enter the new financial year. In such a situation, the Modi government is going to take some new decisions for the Indian economy, which can benefit the people of the country. On February 1, when Nirmala Sitharaman will present the budget, this time there may be a big announcement regarding the logistic policy which can reduce the cost of freight and transportation in the country.

According to the information received from the media, this time the Modi government can announce a new National Logistics Policy in the budget. According to the information, in the logistics policy, the emphasis can be placed on making freight and transportation less expensive. For your information, let us know that in October last year, a meeting was held in the Prime Minister's Office (PMO) on the Logistic Policy, after which there are the speculations that a new Logistic Policy may be announced in the budget this time.

According to the information, the new National Logistics Policy may announce the creation of a single platform for all types of logistics, which will reduce the cost of logistics. The new policy may also propose to simplify the paperwork for the freight. Not only this, but the new policy can also announce the special facilities for the traders and import-export. At the same time, in the new National Logistic Policy, transportation can be emphasized without any hindrance. According to the possible policy proposal, the single-window clearance can be adopted to eliminate the hassles of transportation.

A possible new policy also proposes to provide basic amenities to the logistics sector on easy terms. In this era of technology, better technology can be emphasized in logistics. According to the experts, the government intends to limit the logistics cost to 9 to 10 percent of GDP, which is currently 13 to 14 percent. Actually, the logistic cost in India is much higher than in other countries in the world. Logistics cost is less than 5 percent of GDP in China, America and many countries of Europe.

In the possible logistics policy, emphasis can also be placed on increasing the number of warehouses in important places in the country. Not only this, in order to reduce the logistics cost in the country, the government can also emphasize more and more adoption of transportation on railways or inland waterways and for this, the necessary infrastructure in both directions is also being prepared rapidly.

Apart from this, a national e-marketplace has been proposed in this new policy which will act as a one-stock marketplace for importers and exporters. At the same time, the policy can be said to provide a separate fund for the startup of the logistic sector and double the employment in this sector. Experts believe that if the government announces such a logistic policy and takes concrete steps to implement it, then it will improve India's logistics performance index ranking and make transportation in India cheaper than before.