World Bank & MoCI to conduct logistics workshop
To identify specific interventions that are required to streamline logistics in the country, the Ministry of Commerce and Industry and the World Bank have together initiated to conduct a workshop. The objective is to integrate Indian products into global value chains. The decision was taken at a meeting between Suresh Prabhu, Minister of Commerce & Industry & Civil Aviation, with the World Bank team. Prabhu briefed the World Bank team about the work being done by the Commerce Ministry for developing a National Integrated Logistic Policy (NILP). He said the policy will focus on increasing the capacity of storage and warehousing and other valueadded services. “Multi-modal logistics parks, integrating various transportation modes, are also being developed right up to the district level,” he said. The minister also highlighted the work being done by the ministry towards identifying specific products and markets to increase India’s exports by $100 bn. He underlined the need for understanding product specific supply chains for India to integrate effectively into global supply chains. The NILP will reduce the cost of goods and make Indian product more competitive.