Logistics Development Committee constituted under the Chairmanship of Bibek Debroy, Chairman EAC-PM to assess key challenges, and suggest reforms in logistics development and associated commerce . Seen in file picture is the Chairman, Economic Advisory Council to the Prime Minister, EAC-PM, Bibek Debroy chairing the first meeting of Economic Advisory Council to the Prime Minister, at NITI Aayog, in New Delhi on October 11, 2017.

Logistics Development Committee report bats for reforms to re-engineer Indian Logistics Sector

Boosting trade and making India a simple and easy place for doing business are integral part of the broader economic priorities of the Government. The Government is in the process of implementing a number of reform initiatives in this regard. Some reforms are designed to target the hardware aspects of trade (augmenting and modernising the hinterland logistics and infrastructure connectivity) while some others the software aspects (related to regulatory and procedural environment for trade).
As a result, the broader trade and logistics ecosystem in the country has improved considerably. However, users continue to face some challenges in this space. Therefore, the Government is determined to implement more reforms to create a smooth and an efficient environment across the logistics value chain.

Given the above, the Economic Advisory Council to the Prime Minister (EAC-PM) constituted a Logistics Development Committee under the Chairmanship of Bibek Debroy, Chairman EAC-PM. The committee was tasked to assess key challenges in logistics development and associated commerce and has submitted a broad reformative framework in its report on 21 December 2018. Other members of the committee included Secretaries and heads of the concerned departments/ministries such as Revenue, Commerce, Logistics, DIPP, Civil Aviation, Shipping, Road Transport & Highways, Railways, Central Board of Indirect Taxes and Customs (CBIC) etc. The Committee also included Dr. Jayanta Roy, a well-known trade policy expert specializing in Trade and Logistics Facilitation.

The Committee conducted several rounds of deliberations with various stakeholders that included senior officials from the Union and State governments, industry associations, trade and logistics sector representatives etc. Based on their review and assessments, the committee prepared a comprehensive logistics and trade facilitation reform agenda.

Reforms agenda for Logistics Sector  comprises of a number of specific policy actions covering the entire logistics value chain are:

(i) designed to fundamentally re-engineer the existing business processes of the government;

(ii) intended to facilitate an integrated “whole of the trade value chain” approach in; and

(iii) proposes a new institutional framework to leverage co-operation from all stakeholders towards a common shared goal of transforming this space.

Leave a Reply


Check Also

INDIA expands at 8.1 GDP Growth in Q1 2018-19

Macro-economic fundamentals of Indian economy sound; savings and credit demand reflect promising signs : EAC-PM

On the eve of 70th Republic Day celebrations and a week from Union Budget of ...

error: Content is protected !!