Union Budget 2020: Government to soon unveil national logistics policy

New Delhi: The government on Saturday said it will soon release the national logistics policy, which aims to promote seamless movement of goods across the country.

Finance Minister Nirmala Sitharaman in her Budget speech said that the policy will help in clarifying the roles of Centre, states and key regulators.

"A National Logistics Policy will be released soon," she said, adding that it envisages creation of a single window e-logistics marketplace and focus on generation of employment, skills and making MSMEs competitive.

The e-marketplace will act as a one-stop platform for exporters and importers.

The policy is being worked out by the logistics division under the Commerce Ministry. The policy, which is also aimed at reducing high transaction cost of traders, may propose setting up of a central portal, which will provide end-to-end logistics solutions to companies.

The announcement assumes significance as high logistics cost impact competitiveness of domestic goods in the international market.

Effective implementation of the policy would help provide an impetus to trade, enhance export competitiveness, and improve India's ranking in the Logistics Performance Index.