“Beware of little expenses, a small leak will sink a great ship.” A famous quote by Benjamin Franklin

India’s high logistics cost has been the proverbial leak that has reduced the competitiveness of the Indian exports and the economy in general. India’s logistics cost adds up to somewhere between 14 per cent of the GDP while the global average logistics cost to an economy is approximately 8%.

In India, the Logistics Division in the Department of Commerce was created after an amendment to the Second Schedule of the Government of India (Allocation of Business) Rules, 1961, on 7th July 2017, that allocated the task of “Integrated development of Logistics sector” to the Department of Commerce. The division has been given the mandate to develop an Action Plan for the integrated development of the logistics sector in the country, by way of policy changes, improvement in existing procedures, identification of bottlenecks and gaps and introduction of technology in this sector.