On September 17 2022, Prime Minister Shri Narendra Modi has unveiled the New National Logistics Policy(NLP) which has been billed as the India’s first holistic approach for the $200 billion sector.This policy has been introduced by Finance Minister Nirmala Sitharaman in 2020s Budget.It integrates the technology with logistic operation to bridge efficiency gap.Modi stated that "World now recognising the fact that India is one of the emerging global manufacturing hub and 5th largest economy in World which set a new target for exports and achieved it. NLP will provide a fresh impetus in export field". Modi added that turnaround of container vessels at ports has been reduced from 44 hours to 26 hours, New eco-friendly waterways has been setup, 40 air cargo terminals have been setup to facilitate exports, 30 airports have cold storage facilitates and 35 multi modal logistics facilitates have been setup. Modi highlighted that GST had reduced paperwork for movement of goods across states.
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