Updated By: LatestGKGS Desk
Commerce Ministry develops National Logistics Portal for ease of trading: Details
Union Commerce Ministry develop's National Logistics Portal for ease of trading: Details, Features, Aim, Purpose
Union Ministry of Commerce and Industry is developing a National Logistics Portal to ensure ease of trading in the International and domestic markets.
The National Logistics Portal will link all the stakeholders of EXIM, domestic trade and movement and all trade activities on a single platform.
The National Logistics Portal main aim is to fulfill the commitment of the Union Government to enhance trade competitiveness, create jobs, boost India’s performance in global rankings and pave the way for India to become a logistics hub.
The National Logistics Portal will be a single window online marketplace for trade, which will connect businesses, create opportunities and bring together various ministries, departments, and the private sector.
The National Logistics Portal will bring together all the concerned stakeholders including traders, manufacturers, logistics service providers, infrastructure providers, financial services, Government departments and groups and associations on one platform.
The National Logistics Portal creation was announced by Finance Minister Arun Jaitley during 2018 budget speech.
The National Logistics Portal will be implemented in phases and will aim to reduce the logistics cost from the present 14 percent of GDP to less than 10 percent by 2022.
