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1st National Conference Of States On Logistics

  • IASbaba
  • January 20, 2021
  • 0
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1st National Conference Of States On Logistics

Part of: GS Prelims and GS-III – Economy

In news 

  • Union Minister of Commerce & Industry recently addressed the 1st National Conference of States on Logistics.

Key takeaways

  • National Logistics Policy, which is under consultation, along with the National Logistics Council and State Logistics Coordination Committee, will work as a template for better coordination and integrated development for logistics centre.
  • Logistics consists of 5R’s: Getting the Right product – In the Right condition – At the Right place – At the Right time – To the Right customer.

Do you know?

  • India has a $200 billion logistics ecosystem. 
  • A good part of it is supported by the Indian Railways.
  • About 13-14% cost of a product is logistics, and Ministry shall work towards bringing it down to about 8%.

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