DPIIT sets up task force to formulate logistics cost framework

A task force will be set up to formulate a framework to determine logistics costs in the country, the Department of Commerce and Industry said. This was decided on Monday at a workshop organized by the Department for Industry and Domestic Trade Promotion (DPIIT) on the subject.

Task Force members include representatives from NITI Aayog, the Department of Statistics and Program Implementation (MOSPI), the National Council of Applied Economic Research (NCAER), academic experts and other stakeholders.

It “is being set up to formulate a time-bound logistics cost framework,” it said.

The logistics cost framework workshop was organized in partnership with the Asian Development Bank (ADB). Speaking at the workshop, Trade and Industry Minister Piyush Goyal suggested considering India’s geography, terrain, size and complexity, trade volume and value, etc. when calculating logistics costs.

He said e-commerce, smarter free trade deals, adopting international quality standards, good manufacturing practices, leveraging the ecosystem of successful startups, drone technology, artificial intelligence and partnerships between states and centers will help catalyze India’s development.

The government comes out with certain estimates that indicate that logistics costs in India are around 13-14 percent of the country’s GDP. The government has introduced a national logistics policy and an initiative by PM Gati Shakti to increase industry competitiveness and reduce logistics costs.

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