KEY FACTORS
The increa●ed logi●tic● co●t in the country ha● been a topic for di●cu●●ion for quite ●ome year●, and we are now ●eeing concrete ●tep● being taken to build robu●t infra●tructure, which i● important to provide a competitive platform for reduction of co●t. A larger network comprising highly efficient airports, seaports, faster highways, expressways, coastal waterways, enhanced rail networks and efficient logistic parks are all important elements for optimizing the logistics costs. The Government initiative ●uch a● comprehen●ive Prime Mini●ter Gati Shakti National Ma●terplan i● helping u● unlea●h the high potential that we hold in India and i● tran●forming the logi●tic● indu●try.
SOLUTIONS
While the Indian Government i● working expeditiou●ly on the infra●tructure development plan●, it i● equally important that all indu●try ●takeholder● to work
on initiative● ●uch a● digitali●ation / Electronic Data Interchange, pallet ●tandardi●ation for optimi●ing the capacity to reduce the logi●tic co●t●.