New Delhi, Feb 1 (KNN) The National Logistics Policy will soon be released, Union Finance Minister Nirmala Siatharaman said in her Budget speech adding that a single window e-logistics market will be created.

In the second Budget Speech, Sitharaman said the government plans to set up project preparation facilities for infrastructure sector.

National Logistics Policy will make MSMEs more competitive, the Finance Minister said.

She said the role of regulators will be spelled out in the National Logistics Policy.

To give a push to infra and economic activities, the minister proposed of a 9,000-km economic corridor and 2,000-km of the coastal road corridor.

High logistics cost impacts the competitiveness of domestic goods. Currently, the cost of logistics for India is about 14 per cent of its GDP and it is far higher as compared to other countries.

Experts have been saying that the adoption of national logistics policy will further have a positive impact on the country's logistics industry as it will help to increase, upgrade and standardise the warehousing capacity and help in reducing the cost significantly in the coming years.

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