The Commerce Ministry will soon seek the approval of the Cabinet for its national logistics policy which is aimed at promoting seamless movement of goods across the country and reduce high transaction cost of traders, it is understood. In this connection, the Ministry has already circulated a draft Cabinet Note on the policy, seeking views of different Ministries and Departments on the same.
The proposed policy will also focus on increasing the warehousing capacity and identify gaps that could be bridged to bring down the cost of logistics.
The plan will map the logistics requirements keeping in mind 2035 as the target year. It would also align the infrastructure development of various Central Ministries with one another.
The Commerce Ministry is working on several steps, including development of a national logistics portal, to boost both domestic and foreign trade.