Ministry of Commerce Special Secretary (Logistics) Binoy Kumar on Wednesday said investments into logistic sector would flow as the Centre had accorded infrastructure status to logistics.
Speaking at the inaugural of women entrepreneurs’ conference being organised by the Association of Lady Entrepreneurs of India (ALEAP) in association with the South Asian Women Development Forum and the State government, he said there was scope for investment in warehousing, logistics parks and cold chains.
He said India should improve its position as it was ranked 35th in the global logistics index prepared by the World Bank. “We have a lot to do to improve our ranking by bringing down the logistics cost,” he remarked.
Mr. Binoy Kumar said granting of infrastructure status would enable entrepreneurs to get easy credit and other facilities. He said Ministry of Commerce had set up a special cell to oversee investments into the logistics sector.
Stating that the laws governing multi-modal logistics were being amended to make it more accountable, cost-effective and deliver the goods fast. He underlined the need for the State to play a key role in improving the logistics and expressed satisfaction over efforts being made by the Andhra Pradesh Government to improve the existing facilities.
He urged Chief Minister N. Chandrababu Naidu to change the land-use rules and give industry status to logistics to improve the sector further. He said the State had initiated several measures to give a fillip to port-led development as part of logistics policy.