Startups may get a leg up from national logistics policy

Logistics startups may benefit following a budget proposal to create a single-window e-logistics marketplace under the government’s National Logistics Policy.

The draft National Logistics Policy, which aims to promote seamless movement of goods across the country and reduce high transaction costs, was published last year and primarily focuses on generating jobs and making the country’s micro, small and medium enterprises more competitive.

“Inter alia, it will clarify the roles of the Union government, state governments and key regulators,” Sitharaman said while presenting the Budget.

“Implementation of the National Logistics Policy will surely position India as a prominent global logistics player, ensuring a boost in trade and enabling market access expansion across sectors,” said Pushkar Singh, chief executive of tech logistics startup, LetsTransport.

Source: Economic Times