PHD Chamber of Commerce and Industry today
organised a very successful conference titled “Need for Umbrella Body in
Logistics Sector” at New Delhi. It was attended by more than 100 delegates from
the logistics Industry and other stakeholders.
In spite of
the positive economic outlook in the country, the logistics cost in
India is quite high as compare to the developed countries about 13-14% of
India’s GDP and estimates too indicate that the country’s inefficient supply
chain results in an approximately $65 billion loss per year.
To reduce this logistic cost & to
minimize this wastage, captains of the logistics industry who were present
during the conference in a one go suggested that there is an ardent need for an
integrated logistics policy in the country and an umbrella body which can look
at all the aspects related to logistics covering various modes of shipment such
as sea, roads and railways. Exporters too have demanded for a specific
department to deal with the issues related to logistics.
The conference was addressed by various
eminent speakers both from both the govt. and private sector who deliberated on
the need to create a single authority for the logistics sector also discussed
the way forward against the backdrop of GST.
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