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Exim Guild | Export Import Academy | Management Courses Exim Guild is the leading export import institute offering management courses, training, and pre-shipment inspection services in Kolkata, Durgapur, and Dhaka.

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PM launches National Logistics Policy

Unified Logistics Interface Platform (ULIP) established

Prime Minister Mr Narendra Modi launched the National Logistics Policy (NLP) on September 17, 2022 at the Vigyan Bhawan in New Delhi.The policy aims at promoting the seamless movement of goods and enhancing the competitiveness of trade and industry. It focuses on areas such as process re-engineering, digitisation and multimodal transport. The policy aims to simplify logistics and bring down logistics cost to single digits from 14 per cent of GDP currently, said the Prime Minister.

Among the steps in the policy to reduce logistics cost and bring the sector on par with global benchmarks are setting up a Unified Logistics Interface Platform (ULIP), integration to digital systems, improving ease of logistics, and setting up System Improvement Group and Network Planning Group to improve coordination across relevant ministries. The Prime Minister especially highlighted the benefits of ULIP in his address.

ULIP will integrate seven ministries on one platform in order to provide logistics service providers, importers and exporters data on their cargo movement across the country and facilitate faster clearances.

He said the policy aims to expedite the last-mile delivery, helping businesses save time and money.

While the new policy addresses challenges of the logistics sector, it together with the infrastructure augmentation plan PM Gati Shakti will address gaps.

For Indian products to capture world markets, the country has to strengthen its support system. “National Logistics Policy helps in making the support system modern.”

The government, he said, is using technology to strengthen the logistics sector. Faceless assessment has started in Customs and e-way bills and FASTag are bringing efficiency to the logistics sector.

Talking about the drone policy, he said drones will improve the logistics sector.

He highlighted that capacity of ports has been increased and container vessel turnaround time has been cut to 26 hours from 44 hours previously.

The Sagarmala project, to connect ports and dedicated freight corridors, has started to improve logistics connectivity and systematic infrastructure development work, he said.

Under the policy, every state will have to set up a State Logistics Coordination Committee. The policy will also annually review the performance of each state though the Logistics Ease Across Different States (LEADS) index.

The policy has outlined measures to notably reduce transportation costs, warehousing costs, inventory costs and order processing/administration costs.

It is a comprehensive effort to address the issues of high cost and inefficiency by laying down an overarching interdisciplinary, cross-sectoral and multi-jurisdictional framework for the development of the entire logistics ecosystem.

The policy is an endeavour to improve the competitiveness of Indian goods, enhance economic growth and increase employment opportunities, it was emphasised.

There will be renewed optimism and expectations in trade and industry due to this policy, the PM stressed. Calling on all stakeholders to adopt and use the policy, he asserted: “Policy plus performance equals progress”.

Source: Exim News Service: New Delhi, Sept.18

https://indiaseatradenews.com/government-imposes-20-duty-on-rice-exports-of-various-grades/

Government imposes 20% duty on rice exports of various grades - India Seatrade News India on Thursday imposed a 20% tax on the export of various grades of rice, excluding the premium basmati variety, in a move aimed at restricting shipments, a finance ministry notification said. The levy comes when the country, which is the world’s largest overseas seller of rice, is anticipating...

The "R U OK" campaign recommends following four steps and asking the following questions to have a conversation with someone who is not feeling too good.

The Economic Times India Leaddership Council invited group of eminent CEO’s and MDs yesterday to the Conversational Series in association with the Rotary Club of Calcutta. Theme: A Leader’s Guide to Building a Legacy. Excerpts of the discussion has been documented as takeaways for the CEO fraternity.

Exim Guild was invited by the Economic Times Leadership Council (ETILC) to participate in the event.Dr. Shashi Panja the Hon’ble Minister of Industry, Commerce & Enterprises graced the event.

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Russia has proposed to revive decades-old practice of submitting “paper LC (letter of credit)” citing economic sanctions as it seeks to ensure uninterrupted exports from India through a state debt rupee mechanism, a dedicated window for India’s sovereign debt repayment that allows 9-10% exchange rate discount to Russian importers.

Russia buys 43-45 million kg of tea from India annually. It imports 70,000 -100,000 lakh tonnes of non-basmati rice from India. Coffee, to***co, fertilisers and pharmaceuticals are other items of export from India to Russia.