11th Biennial International Conference on Ports, Shipping and Logistics 2023 held

International Conference on Ports, Shipping and Logistics 2023: It is a biennial conference held to facilitate deliberation on critical issues faced by logistics sector and suggest ways to establish a robust and flexible logistics system. 11th Biennial International Conference on Ports, Shipping and Logistics is also important for UPSC Prelims Exam 2023 and UPSC Mains Exam (GS Paper 3- Indian Economy- creating infrastructure to support the growth and development of Indian Economy).

International Conference on Ports, Shipping and Logistics 2023 in News

The 11th Biennial International Conference on Ports, Shipping and Logistics was recently addressed by Union Minister for Road Transport and Highways, Nitin Gadkari. While addressing the International Conference on Ports, Shipping and Logistics 2023, he said that “Ecology and environment are the highest priority of the Union Government and the Government is considering many options to curb pollution and accordingly is working on various projects on a war footing”.

International Conference on Ports, Shipping and Logistics 2023 Details

The 11th Biennial International Conference on Ports, Shipping and Logistics 2023 has taken place in Mumbai recently.

• Theme: The Logistics Summit was organized with the theme of ‘Envisioning Future of Logistics @2047’
• Mandate: The primary objective of the International Conference on Ports, Shipping, and Logistics is to facilitate a gathering of policymakers, investors, and industry experts to deliberate on the critical significance of a robust and flexible logistics system in establishing India as a dominant player in global trade by 2047.
• Host Port: International Conference on Ports, Shipping and Logistics 2023 was hosted by Jawaharlal Nehru Port Authority and sponsored by the Ministry of Port, Shipping and Waterways.

International Conference on Ports, Shipping and Logistics Objectives

Key Objectives of the International Conference on Ports, Shipping and Logistics 2023 are discussed below-

• Provide a platform for stakeholders to deliberate on the crucial role of a well-integrated and agile logistics network in making India a global trade powerhouse by 2047.
• To discuss the roadmap for achieving the vision of a world-class logistics infrastructure in India, including policy and regulatory frameworks, infrastructure development, and the adoption of cutting-edge technologies.
• Showcase and examine global best practices in the ports, shipping, and logistics industry, providing insights and knowledge for consideration by participants.
• Explore future opportunities and market possibilities in the logistics sector and identify potential areas for growth and investment.
• Highlight customer issues and challenges faced in the logistics industry and demonstrate possible solutions through the application of technology, innovation, and best practices.

Status of logistics Sector in India

India’s logistics sector is highly defragmented and the aim was to reduce the logistics cost from the present 14% of GDP to less than 10% by 2022.

• India’s logistics sector is very complex with more than 20 government agencies, 40 PGAs, 37 export promotion councils, 500 certifications, 10000 commodities, 160 billion market size.
• It also involves 12 million employment base, 200 shipping agencies, 36 logistics services, 129 ICDs, 168 CFSs, 50 IT ecosystems and banks & insurance agencies.
• Further, 81 authorities and 500 certificates are required for EXIM.
• The Indian logistics sector provides livelihood to more than 22 million people and improving the sector will facilitate 10 % decrease in indirect logistics cost leading to the growth of 5 to 8% in exports.
• Further, it is estimated that the worth of Indian logistics market will be around USD 215 billion in next two years compared to about USD 160 billion at present.

National Logistics Policy (NLP) 2022 Released

National Logistics Policy (NLP) 2022 Released

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