Standardization of Warehousing Infrastructure, Grading & Rating, will Streamline Logistic Sector

A virtual Logistics Conclave-2020 organized by PHD Chamber of Commerce and Industry stressed on the need to create transparent systems where the transport service providers and users become more vigilant, and a system is created for the government so that they can be actioned upon. “We need to focus on cost reduction, promote multi-modal transportation, reduce the time of turnaround trucking, and get more mileage on the capital investment in infrastructure. We need to plan integrated transport infrastructure,” deliberated Pawan Kumar Agarwal, IAS, Special Secretary (Logistics), Ministry of Commerce and Industry, GoI.

“We are working on standardization of warehousing infrastructure, grading, and rating of infrastructure so that a better market can be created for warehousing spaces. Railways are doing their best to support the core sectors of the economy. As regards cost reduction, cost is distributed in transportation, warehousing, inventory carrying, and other administrative charges. To reduce cost, we need to focus on transportation costs by reducing the time of turnaround trucks and shifting modals modes. Cost reducing will not happen unless the issue of first and last mile is taken care of. We need to leverage the reduced cost of railways and postal transportation and improvise transshipments. We are focusing on all these points in our logistics policy,” he informed.

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