“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 Division1 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
