National logistics policy 2022: Prime Minister Narendra Modi turned 72. To mark the occasion, he welcomed eight cheetahs that had been transported to India from Namibia and unveiled India’s National Logistics Policy 2022. According to Piyush Goyal, minister of commerce and industry, the National logistics policy 2022’s primary goal is to encourage the free flow of commodities and raise the competitiveness of the sector throughout the country. Process re-engineering, digitization, and multi-modal transportation will be some of the primary areas of emphasis.
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Ques. What is national logistics policy 2022?
Ans. The policy puts a lot of emphasis on crucial topics including process re-engineering, digitization, and multi-modal transportation. It is a key decision since excessive logistical costs affect how competitive domestic products are on the global market.
Ques. What is logistic policy?
Ans. The National Logistics strategy is an extensive attempt to address cost and inefficiency by establishing a broad, multi-jurisdictional, cross-sectoral framework for the evolving logistics ecosystem.
Ques. What is the future of logistics in India?
Ans. India’s logistics industry is expected to increase at a compound annual growth rate of more than 10% from $200 billion in early 2020 to at least $320 billion in 2025, according to a 2019 prediction from the McKinsey Global Institute (MGI).
Ques. How big is the logistics industry in India?
Ans. The Indian logistics market had an estimated value of $250 billion in fiscal year 2021. In 2025, it was predicted that this industry will reach 380 billion dollars with a 10- to 12-percent compound annual growth rate.
The policy puts a lot of emphasis on crucial topics including process re-engineering, digitization, and multi-modal transportation. It is a key decision since excessive logistical costs affect how competitive domestic products are on the global market.
The National Logistics strategy is an extensive attempt to address cost and inefficiency by establishing a broad, multi-jurisdictional, cross-sectoral framework for the evolving logistics ecosystem.
India's logistics industry is expected to increase at a compound annual growth rate of more than 10% from $200 billion in early 2020 to at least $320 billion in 2025, according to a 2019 prediction from the McKinsey Global Institute (MGI).
The Indian logistics market had an estimated value of $250 billion in fiscal year 2021. In 2025, it was predicted that this industry will reach 380 billion dollars with a 10- to 12-percent compound annual growth rate.
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