Uttar Pradesh’s new warehousing and logistics Policy is helping the nation to build an integrated, economical, flexible, and sustainable ecosystem in this sector by optimising regulations and resolving supply-side bottlenecks, as stated by Union Minister Som Prakash. Uttar Pradesh cabinet ministers chaired the meeting with CM Yogi Adityanath and approved this new warehousing and logistics policy last year in December to develop a vital transport infrastructure network and rebuild & improve the existing warehousing and logistics infrastructure.
The Union minister of state for commerce and industry addressed the challenges of the logistics sector during a session at the GIS (Global Investors Summit), stressed that “lowering the cost of logistics is very important for the industry” and suggested policy efforts are being made for this.
UP has emerged as the first choice for investors in this sector from across the country
The logistics cost to the GDP (Gross Domestic Product is much lower in the United States, Singapore, South Korea, and some European countries. The state government aims to ensure that logistics issues are reduced, exports are raised manifold, small-scale industries grow and the people who work there gain more profit, as mentioned by Minister Som Prakash. He also stated that UP– The growing warehousing and logistics hub in India – was on the GIS’s 3rd day.
The UP (Uttar Pradesh) government’s new warehousing and logistics policy-2022 will help make this sector an integrated, economical, sustainable, and flexible logistics system in the nation by optimising regulations and resolving supply-side bottlenecks. During the session, Anupriya Patel, also the Union Minister for commerce and industry said “The centre and the UP government are working together as one unit.” According to PM Narendra Modi’s vision, the UP government’s new warehousing and logistics policy-2022 will motivate the private sector and they should take full advantage of this opportunity.
The state government aims to ensure that logistics issues are reduced
The union minister said India is the fifth-largest economy in the world and aspires to be among the top 10 in the logistics performance index by 2030. We will achieve the goal if the government of India’s largest country, Uttar Pradesh, continues to improve its warehousing and logistics infrastructure. UP’s Co-operative Affairs Minister JPS Rathore said that until a few years ago, no one in UP talked about logistics and warehousing. As the environment is changing, UP has emerged as the first choice for investors in this sector from across the country. Uttar Pradesh has the country’s largest rail network and currently, a network of highways is being constructed, and the inland waterways service has started. Currently, the state is developing policies with the future in mind. There are opportunities in every sector for the nation and the world’s industries here.