National logistics portal to boost trade competitiveness
Anational logistics portal is being developed to ensure ease of trading in the international and domestic markets, as India eyes lowering logistics cost from 14 percent of GDP to less than 10 percent by 2022, the commerce ministry has said. The portal will link all the stakeholders of export-import, domestic trade and all trade activities on a single platform, thereby generating jobs, increasing trade competitiveness and helping the country transform into a logistics hub, commerce and industry minister Suresh Prabhu said. The portal will be implemented in phases. Stakeholders like traders, manufacturers, logistics service providers, infrastructure providers, financial services, government departments and groups and associations will all be on one platform.