Start-ups may get boost from government’s National Logistics Policy
The announcement will be welcomed by logistics start-ups, given its integral role in the movement of goods and services.
With the arrival of the new budget and the current economic status of the country, many changes are anticipated to boost growth. One of the sector expected to benefit are the Logistics start-ups after 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,” Finance Minister Nirmala 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 start-up, LetsTransport
This announcement will be welcomed by logistics start-ups, given its critical role in the movement of goods and services.