According to a report released on Monday by the Ministry of Commerce, Gujarat has topped the Logistics Index chart for the third time in a row, an indicator of the efficiency of logistics services needed to boost exports and economic growth. Gujarat occupied the first position among 21 states, followed by Haryana, Punjab, Tamil Nadu and Maharashtra in that order.
As per the third LEEDS (Ease of Logistics in Different States) report 2021, unveiled by Commerce and Industry Minister Piyush, the report ranks states on the basis of their logistics ecosystem, on key logistics challenges faced by stakeholders. sheds light and includes suggestive recommendations. Goyal. The index aims to focus on improving logistics performance across states which is essential for improving the country’s trade and reducing transaction costs.
Among the northeastern states and Himalayan union territories, Jammu and Kashmir tops the chart. Among the Union Territories, Delhi was at the top. The first logistic report was released in 2018. Last year no ranking was released due to the COVID-19 pandemic. Gujarat was ranked first in both 2018 and 2019 ranking list.
In the top 10 list, Maharashtra, which was ranked fifth, was followed by Uttar Pradesh, Odisha, Karnataka, Andhra Pradesh and Telangana in that order. West Bengal, Rajasthan, Madhya Pradesh, Goa, Bihar, Himachal Pradesh and Assam are ranked 15th, 16th, 17th, 18th, 19th, 20th and 21st respectively.
The composite index is based on 21 indicators. The survey was conducted during May-August 2021. The entire exercise received 3,771 responses from 1,405 respondents across the country. Speaking at the launch of the report, the Commerce and Industry Minister said that the inputs given by the report can pave the way for reducing logistics cost by 5 per cent in the next five years.
According to estimates, at present the cost is around 13-14 per cent of the GDP. Goyal said that efficient logistics was the key to bring ease and empowerment to businesses as well as citizens.
“Instead of just complete reforms in one state, improving logistics in all states will be a force multiplier for the entire logistics ecosystem”, he said. When asked about the issue of container shortage, the minister said that now international trade is picking up “very well” and it is a good sign for the Indian economy.
“India alone would be seeing an increase of over 40 per cent in our exports and almost 25 per cent in our imports,” he said, adding that the container problem was happening across the world and the ministry was working with shipping lines and containers. Has been doing. It is also trying to bring empty containers, speeding up customs procedures, helping railways move empty containers at subsidized prices, he said.
With all these efforts, prices have stabilized and are now slowly coming down, Goyal said. “We expect to see things stabilize rapidly in the coming months,” he said.
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