Home FINANCE National Logistics Policy to cut costs across economy

National Logistics Policy to cut costs across economy

NEW DELHI: The government on Thursday said that PM GatiShakti had helped identify critical gaps, speed up implementation of infrastructure projects and the proposed National Logistics Policy, to be unveiled by PM Narendra Modi on Saturday, will create the environment to significantly reduce costs across the economy.
As many as 196 critical infrastructure gap projects related to port connectivity, movement of coal, steel and food products have been identified, and the Network Planning Group (NPG) is coordinating with the concerned authorities to fill these gaps, a senior official said on Thursday.

govt (3)

Officials said over the last few months, there was greater coordination among ministries, which had led to the resolution of around 1,300 issues, with 40% related to land acquisition, 25-30% dealt with environmental and forest clearances and around 15% were linked to right of way and right of use.
The PM GatiShakti plan was announced last year with an aim to break departmental silos. The idea is to reduce the logistics cost in the coming years, which agencies have estimated at around 13% in India.