(Final Up to date On: October 4, 2022)
With yet one more coverage, the federal government has made it clear that the way forward for India’s economic system relies upon largely on the expansion of eCommerce.
The newly launched Nationwide Logistics Coverage (NLP) is aimed to considerably carry down the price of logistics for enterprise homeowners, particularly within the eCommerce sector. This transfer is a component of a bigger intention of rising India’s economic system exponentially within the subsequent decade.
What’s NLP?
Poor logistics and provide chain administration are one of many main causes of eCommerce enterprise failure. The federal government recognized this problem and introduced in a brand new coverage to construct a resilient ecosystem, referred to as Nationwide Logistics Coverage (NLP). It goals to extend effectivity and reduce logistics bills with the assistance of know-how and higher infrastructure.
Within the launch occasion of NLP, the prime minister said that this new coverage will carry down the price of logistics from from 13 to 14% to single digits. Beneath the mega coverage imaginative and prescient, two new platforms had been additionally launched — the Unified Logistics Interface Platform (ULIP) and ease of Logistics (e-log).
How does NLP profit on-line companies?
An environment friendly logistics system means decrease value, thus bringing down a major expense of eCommerce companies. It is possible for you to to cut back delivery fees which may additionally result in a possible improve in gross sales (low delivery prices are a deciding issue with regards to on-line procuring).
One of many features of the ULIP is to carry extra visibility and transparency in logistics sector. It’s a UPI-like platform that may carry all of the digital companies associated to the transportation sector right into a single portal. You now not need to undergo very lengthy cumbersome processes to get your logistics requirement sorted.
The e-logs platform will allow trade associations to take up issues which might be affecting logistics efficiency to authorities businesses. The federal government claims {that a} full answer is in place for the speedy decision of such circumstances.
Associated Learn: Ecommerce delivery: your full information
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