The coal ministry is developing a logistics policy for the sector and a national coal evacuation plan with a view to reducing logistics costs, an official statement said on Saturday.
An inter-ministerial meeting on logistics was held to review the progress of implementation of the national logistics policy, the statement said adding that it was convened by the Department for Promotion of Industry and Internal Trade (DPIIT).
During the meeting measures taken by different ministries to improve logistics efficiency in the country were also showcased, the commerce and industry ministry said.
“A draft coal logistic policy and national coal evacuation plan has been developed by the ministry of coal. In addition, standardization of physical assets (heavy earth moving machines for coal handling) and setting up benchmarks for quality management, is under progress,” the statement said.
Speaking at the meeting DPIIT Secretary Rajesh Kumar Singh talked about the critical role played by ports in making India a globally competitive export destination and suggested greater adoption of initiatives like the Logistics Data Bank to draw learnings for improving logistics performance across various metrics.
In the meeting, it was highlighted that for making India’s domestically manufactured goods globally competitive and for achieving the USD 2.5 trillion EXIM (export-import) target by 2030, it is imperative to have an efficient logistics ecosystem.