Time to Reduce Logistics Cost by Five Per cent: Piyush Goyal

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Logistics sector serves as an engine of growth and a key driver for transforming India into a five trillion-dollar economy

The Minister of Commerce and Industry, Consumer Affairs, Food and Public Distribution and Textiles, Shri Piyush Goyal said that the inputs given by Logistics Ease Across Different States (LEADS)_ Report 2021 can lead the way to bring down logistics cost by five per cent over the next Five years.

The Minister emphasized that efficient logistics was pivotal to bring ease and empowerment to businesses as well as citizens. He observed that logistics contributed immensely in the fight against COVID-19 by taking essential supplies including liquid Medical Oxygen throughout the country during the 2nd wave.

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Observing logistics as an enabler of multiple visions- From Make in India for the World to Last Mile Delivery, the Minister said that to achieve ambitious targets we cannot afford to walk but we need expressways of land, air & water.

“Rather than just absolute improvement in one State, improvement of logistics across all States, will be a force multiplier for the entire logistics ecosystem”, he said.

Naming infrastructure, quality services & conducive regulatory framework as the three pillars of resilient logistics, he added that with competitive & cooperative federalism, LEADS is creating an ecosystem for excellence by bringing in a healthy competitive spirit where everyone is persuaded to improve.

LEADS 2021 has gone 2-step ahead in analysis of domestic and EXIM logistics ecosystem of the state” he added. He opined that LEADS report would be a handy & practical guide to identify strengths, opportunities & improve the logistics performance of States.

The report ranks the states on the basis of their logistics ecosystem, highlights the key logistics related challenges faced by the stakeholders and includes suggestive recommendations. It consists of specific section on States and UTs giving detailed analysis of their performance in the LEADS, including issues and challenges being faced by stakeholders as well as suggestions to mitigate the issues.

“With the efforts in the right direction, it is hoped that the vision of logistics cost will be reduced by 5% in the next five years. This will ensure that the Logistics sector serves as an engine of growth and a key driver for transforming India into a five trillion-dollar economy,” he said.

Link to Leads Report 

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Mukul Yudhveer Singh
Mukul Yudhveer Singh
Mukul Yudhveer Singh is an Editor at EFY. He’s an experienced business journalist who is both an enthusiast and a cynic of technology. Believes in data, as well as hunch-based journalism. He defines journalism as- reporting facts which help the audience take their own decisions, not ones that influence them!

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