Question

National Logistics Policy (NLP) was launched in the year ______ and aims to lower the cost of logistics from the existing 13-14% and lead it to par with other developed countries?

• A. 2022
• B. 2020
• C. 2021
• D. 2023

Answer 1

Answer:

A. 2022

National Logistics Policy (NLP) was launched in the year 2022 and aims to lower the cost of logistics from the existing 13-14% and lead it to par with other developed countries. The Prime Minister, Shri Narendra Modi launched the National Logistics Policy (NLP) at Vigyan Bhawan, New Delhi. The need for a national logistics policy was felt since the logistics cost in India is high as compared to other developed economies. It is imperative to reduce the logistics cost in India for improving the competitiveness of Indian goods both in domestic as well as export markets. Reduced logistics cost improves efficiency cutting across various sectors of the economy, encouraging value addition and enterprise