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Last Updated : Jan 16, 2018 09:04 PM IST | Source: CNBC-TV18

Govt plans to bring logistics costs down to 10% of GDP by 2022

The Commerce Ministry's Logistics Division has developed a plan to reduce logistics costs and simplify logistics related transactions.

CNBC TV18 @moneycontrolcom

CNBC TV18

The government is planning to bring down the cost of logistics to 10 percent of GDP from roughly 14 percent by 2022.

The relatively new logistics division of the commerce ministry has developed a plan to reduce logistics costs. The plan involves streamlining logistics-related transactions by creating a single-window portal.

This portal will handle all processes related to logistics transactions. At present, there are about 64 processes that a logistics transaction goes through.

The government is conducting a study on this IT platform, and will release it after six to seven months. The logistics division will also re-examine logistics processes across government platforms.
First Published on Jan 16, 2018 08:18 pm
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