New Delhi, Jan 31 (PTI) The commerce ministry is working on a draft national logistics policy, which is aimed at promoting seamless movement of goods across the country and reducing high transaction cost of traders, Union minister Suresh Prabhu said Thursday.Also Read - Australia Test Skipper Pat Cummins Highest-Paid Cricketer In His Country: Report
“The draft policy will be placed to seek stakeholders views,” he said here while inaugurating LOGIX India 2019. Also Read - Sikkim Bans Sale Of Pigs As State Detects African Swine Fever, 117 Pigs Dead in 2 Last Months
The commerce minister said that workshops will be organised to seek views on the draft. Also Read - Board Exam Results 2022 Update: UP, RBSE, UBSE Board Results Likely To Be Announced By This Month
The proposed policy would also focus on increasing the warehousing capacity and identify gaps that could be bridged to bring down the cost of logistics for traders.
High logistics cost impacts competitiveness of domestic goods in the international markets.
The commerce ministry is working on several steps, including development of a national logistics portal, to boost both domestic and foreign trade.
The main departments involved in the process include railways, shipping, road transport, civil aviation and customs.
Prabhu also said that improvement in logistics sector would help boost trade and economic development.
The three-day LOGIX-India 2019 programme is being organised by the Federation of Indian Export Organisations (FIEO).
FIEO President Ganesh Kumar Gupta said that logistics companies from about 27 countries are participating in the programme. PTI
This is published unedited from the PTI feed.