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19/02/2019 04:21pm

DGFT equipped with fresh resources to revamp IT infrastructure to boost logistics sector: Prabhu

image DGFT equipped with fresh resources to revamp IT infrastructure to boost logistics sector: Prabhu

New Delhi, Feb 19 (KNN) The government has allocated Rs 132 crore to the Directorate General of Foreign Trade (DGFT) to revamp IT infrastructure for upgradation of logistics in a bid to provide paperless, faceless and transparent solutions to the problems faced by industry and trade in the movement of goods and services across the country.

This was stated by Commerce and Industry Minister, Suresh Prabhu while addressing the 'National Conference on Logistics Policy', organised by Federation of Indian Chambers of Commerce and Industry (FICCI) jointly with the Department of Commerce here today.

On the occasion, Prabhu also launched the 'Safar' App on logistics that would access the ground-level feedback from transporters and iron out the delays at the state borders.

Addressing the gathering, Prabhu said that an efficient and cost-effective logistics framework would provide industries in the logistics business with huge business opportunities while giving a boost to service sector at a time when the government was working on a new agriculture export policy.

He stated that the primary objective of draft National Logistics Policy 2018 is to facilitate integrated development of the logistics sector in the country.

It aims to strengthen and prioritize the key objectives, focus areas and the governance framework for logistics and  also  clarifies  the  role  of  the  various  stakeholders  including  central  ministries, state governments and other key regulatory bodies, Prabhu pointed.

He said “The draft policy seeks to create a single point of reference for all logistics and trade facilitation matters in the country which will also function as a knowledge and information sharing platform. It also aims to drive logistics cost as a percentage of GDP down from an estimated level of 13-14% to 10% in line with best-in-class global standards.”

Secretary, Ministry of Steel, Binoy Kumar, urged the stakeholders to suggest solutions to lend efficiencies in the system for reducing transaction costs and improve the ease of doing business.

The draft policy, he said, seeks to bring the multifarious agencies under one platform for seamless interaction, adding that the success of the policy will rest on the integration of the numerous platforms in the logistics and transport sector and at the state level.

Speaking on the occasion, Special Secretary (Logistics), Ministry of Commerce and Industry, N. Sivasailam said that the effort now is make the logistics policy work on the ground for which measurable benchmarks for the next three to five years would be crucial.

He solicited inputs from the stakeholders on the time period for fructification of projects and a dispassionate assessment of the adequacy of the policy instruments contained in the draft policy. (KNN/YV)

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