DPIIT wants to get a clear picture of India’s logistics costs in about 4 months: Official

The Department for the Promotion of Industry and Domestic Trade (DPIIT) is aiming to get a clear picture of the country’s logistics costs over the next four months, a senior government official said Monday. Currently, the government is running certain estimates that suggest India’s logistics costs are around 13-14 percent of the country’s GDP (gross domestic product).

The department held a logistics cost framework workshop last month and a task force was set up to formulate a framework for determining costs in the country. “The task force will present its report in two months. We should have an estimate in about four months, that’s our goal,” said DPIIT Special Secretary Sumita Dawra.

Dawra said they would get the frame in two months and it would take another two months for the calculations. “We realized that we need more clarity about which components are included in the logistics cost calculation. Not many countries have calculated their logistic costs. So we’re trying to make the calculation more objective than a perception-based approach,” she said. She added that there are currently differences in estimates even within the country.

Related Articles

Back to top button