Karan Shaha, co-founder and CEO, Vahak
The logistics industry in India is estimated to contribute 14.4% of India’s GDP. Yet, over 90% of the logistics industry is unorganised. Within the next five years, India aims to raise its Logistics Performance Index to 25 by bringing down logistics costs from 14% to 8% of the GDP. The National Logistics Policy set up these goals to ensure that the sector serves as a growth engine and a significant contributor by raising India’s GDP to a USD 5 trillion economy. By developing an integrated, seamless, effective, and cost-efficient logistics network that uses top-of-the-line tools, procedures, and qualified staff, the suggested policy aims to increase the country’s economy and corporate competitiveness. The plan will create a single-window e-logistics market and place a strong emphasis on MSMEs’ ability to compete and grow their workforce.