The Indian government’s “GatiShakti” logistics policy will play a crucial role in attracting investment and boosting businesses, according to Commerce and Industry Minister Piyush Goyal. Speaking at a virtual event organized by industry body CII, Goyal said that the policy will create seamless and efficient transportation networks and connect all modes of transport.
The GatiShakti policy aims to enhance the efficiency of the country’s logistics sector by leveraging technology and integrating various modes of transportation such as rail, road, air, and waterways. The policy will also focus on developing multi-modal logistics parks and creating a unified digital platform for logistics services.
Goyal emphasized that the policy will not only benefit large companies but will also help small and medium-sized enterprises (SMEs) by reducing logistics costs and improving the speed of transportation. The policy is expected to reduce logistics costs by 5-6% and boost exports by up to $100 billion annually.
The Minister also highlighted the government’s efforts to improve the ease of doing business in India and invited investors to take advantage of the country’s favorable business environment. He stated that the government is committed to providing a conducive environment for businesses to thrive and grow.
Overall, the GatiShakti logistics policy is expected to be a game-changer for India’s logistics sector and will create a more efficient and integrated transportation system. The policy’s implementation will attract more investments, boost businesses, and contribute to the country’s economic growth.