India is aiming to be ranked among the top 25 global logistics hubs by 2025. The government has launched a National Logistics Policy and Gati Shakti, an integrated multimodal transportation network, to achieve this goal.
The National Logistics Policy aims to create a seamless and efficient logistics ecosystem in India. It focuses on key areas such as:
- Process re-engineering: This involves streamlining and automating logistics processes to make them more efficient.
- Digitisation: This involves using technology to improve the tracking and tracing of goods, as well as the communication between different stakeholders in the logistics chain.
- Multi-modal transport: This involves using a combination of different modes of transportation, such as roads, railways, and waterways, to move goods more efficiently.
Gati Shakti is a national master plan for infrastructure development. It aims to integrate the various modes of transportation in India and improve the efficiency of the logistics sector. Gati Shakti also includes plans for developing new infrastructure, such as industrial corridors and logistics parks.
The government believes that the National Logistics Policy and Gati Shakti will help India to achieve its goal of becoming a global logistics hub. These initiatives will make it easier and cheaper to transport goods in India, which will boost trade and investment. They will also create jobs and improve the economy.
In addition to the benefits mentioned in my previous answer, becoming a global logistics hub will also have a number of other benefits for India, such as:
- Improved supply chain resilience: A more efficient logistics sector will make India’s supply chains more resilient to disruptions, such as natural disasters or political instability.
- Enhanced environmental sustainability: By moving goods more efficiently, India can reduce its carbon emissions and improve its environmental sustainability.
- Increased strategic importance: As a global logistics hub, India will be more strategically important to other countries. This could lead to increased political and economic cooperation.
The National Logistics Policy and Gati Shakti are ambitious initiatives, but they have the potential to transform India’s logistics sector. If successful, these initiatives will make India a more attractive destination for trade and investment, create jobs, boost economic growth, improve supply chain resilience, enhance environmental sustainability, and increase India’s strategic importance.
