New Delhi: The proposed national logistics policy for facilitating seamless movement of goods in the country and cutting down transportation cost has been sent to the Union Cabinet for approval, according to officials.
The commerce ministry has forwarded the proposed policy to the Cabinet.
The policy proposes setting up a central portal to provide end-to-end logistics support to companies.
The portal will be a single-window marketplace to link all stakeholders.
The policy would also focus on increasing warehousing capacity and identifying gaps to bring down logistics cost for traders.
High logistics cost impacts the competitiveness of domestic goods in international markets.
The logistics cost for India is about 14 per cent of its GDP and it is higher than that in other countries.
The government looks to reduce the cost to 9 per cent in the coming years.