The department for the promotion of industry and internal trade (DPIIT) is initiating an exercise to build a framework for finalising logistics costs in the country. For this, the department is planning to organise a workshop wherein experts, professors, and academicians from across the globe participated with government officials. One of the officials who participated in the workshop said that they are hoping to figure out a way to gauge the country’s logistics cost in a year. There will also be an international workshop on logistics cost framework which many international experts from Japan, Germany and Korea will attend. The best framework will be chosen after the discussion and brainstorming.
As of now, the government is relying on estimates that suggest that the logistics cost in India works out to about 13 to 14% of the country’s GDP.
The government has already rolled out the National Logistics Policy and PM Gati Shakti programs to bolster the competitiveness of the industry and cut logistics costs.