The government is preparing a new National Air Cargo Policy with a focus not only on major aspects like dwell time. Pertinent factors like timing, availability of more airspace for the movement of cargo, are also being considered. The ministry is giving its final touches on the policy for the logistics sector, as part of a comprehensive plan to boost business and exports.
On the other hand, the Haryana government is formulating a dedicated and comprehensive logistics, warehousing and retail policy to promote and project the state of Haryana as the logistics hub of North India. This shows the level of commitment from the government to procure efficacy in the industry. Ilustrating the achievements of the Sagarmala programme in four years, the Ministry of Shipping has unveiled a report that shows how the initiative has stimulated economic growth by bringing port-driven prosperity to the nation. The logistics market in India is expected to be worth US $307 billion by 2020, also, the country’s logistics cost is not cost competitive. Despite being the most cost-competitive mode of transport, coastal shipping contributes the least share in movement CARGOTALK of goods. also explores the current state of coastal shipping in India and what more is needed to enhance traffic towards this mode of transport.
Industry experts raise their concern on daily rise of fuel and how the trucking industry is getting affected with this, flip over to read more. Waterways and airfreight are expected to be the big creators of new jobs, according to Team Lease Services report. The report states that logistics sector will create employment for at least three million people by 2022, with the road freight industry alone contributing nearly 63 per cent, or 1.9 million new jobs. We bring you a report on the same.
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