National Logistics Portal To Boost Indian Logistics
Government is developing a National Logistics Portal to ensure smooth trading in the international & domestic markets, as India is focused on lowering the logistics cost from current 14 per cent of GDP to less than 10 per cent of GDP by the year 2022. This portal aims to link all the concerned parties who are involved in activities of export-import and domestic trade on a single platform; this will increase job, increase competitiveness and ultimately helping the country to turn into a logistics hub.
In the recent budget speech, Arun Jaitley, the finance minister of India had stated that the Department of Commerce will develop a portal which will be an online marketplace for trade-related activities. the purpose of this portal is to connect businesses, create business opportunities and bring together various ministries & departments.
National logistics platform is not merely a way to connect with logistics providers, but it will also facilitate traders & manufacturers to get certification from 81 government entities, which includes the Ministries of Railways, ocean and Airport Terminal Authority, Ministries of Roads & Highways, and Customs department.
A bid to develop this online logistics platform will be issued in October 2018, and a test run of the national logistics platform is to be done by March 2019.
Other prominent features which NLP will provide a single-window certification to authorise transactions, and also integrate an online payment service. Also, there will be a mobile application which helps buyers to track their cargo in real time.
The country’s logistics sector includes more than 20 government agencies, 40 PGA’s (Partnering Government Agencies), 37 export promotion councils, 500 certifications, 10,000 commodities.
As per the Economic Survey which is done in 2017-18, the Indian logistics sector gives jobs to around 22 million people. The estimates which are given in the survey suggests that the value of Indian logistics market in coming 2 years would be approximately USD 215 billion, the current market worth of Indian supply chain is USD 160 billion.