Bengal govt planning to grant industry status to logistics sector

16/08/2020   0 Comments

The West Bengal government is contemplating to grant industry status to the state's USD 20 billion logistics sector for seamless development of various infrastructure projects, an official said on Saturday.

The state is working on framing a logistics policy and it may require about Rs 1,000 crore to implement it in the short term, the official told PTI.

The Union government too has been formulating a national policy aiming to reduce logistics cost from the present 14 per cent of Gross Domestic Product to less than 10 per cent by 2022.

"The status of industry will help the logistics sector smoothly develop infrastructure. The conversion of agricultural land to develop logistics related infrastructure will be easier. Getting access to land banks, state funding, incentives and single window support will also be easier," the official said.


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