Union Minister of Commerce & Industry and Civil Aviation Suresh Prabhu recently declared that a new Integrated Logistics and Air Cargo Policy would be announced ‘very soon’ in which every minute detail pertaining to logistics and cargo would be addressed to the best of the satisfaction of all stakeholders.
Without specifying a timeframe for the declaration of the proposed policy, the Minister emphasized that once the Integrated Logistics and Air Cargo Policy is in place, the solutions to critical issues relating to agriculture and manufacturing output and their supplies including exports would be sufficiently explored though the possibilities of making improvement in such an Integrated Policy still exist even in future.
Inaugurating the 4th PHD Air Cargo Summit, 2018, under the aegis of PHD Chamber of Commerce and Industry here today, Prabhu explained that a specific department of logistics has been created in the Department of Commerce, which is finalizing the nitty-gritty of logistics dimensions as also cargo movement with necessary consultation process.
The government is of the view that the basic objective on which the logistics and cargo policy is being be put in place is based on the premise that its context is important and significant rather than text because both logistics and cargo are the biggest growth- driven sectors in India after services. Therefore, all efforts of the policy makers are going in the direction so that the following announcement of the policy, the growth of agriculture and manufacturing multiply exponentially with air cargo movement picking up the anticipated movement with affordable tariff structure, indicated the Minister.
In the meanwhile, Prabhu asked the PHD Chamber of Commerce and Industry to submit its suggestions and feedback expeditiously to the government so that the proposed Logistics and Air Cargo Policy could be inserted in the Policy urging the industry association to come out with idea that are workable and can be implemented within the established structure of the Government of India.
In his welcome remarks, President, PHDCCI, Rajeev Talwar appreciated the growth that has happened in the multiplier terms in the entire Indian economy in the last few decades given the compulsions of the government and largely acknowledged the policy measures of the government of the day claiming that these would further propel the economy and India would fast inch up its pace of growth in all sectors particularly that of civil aviation and the like.