Cabinet Approves National Logistic Policy-2024

The National Logistic Policy-2024 today was approved here at a cabinet meeting aimed at achieving sustainable and desired economic progress of Bangladesh.

The National Logistic Policy got the final approval for the first time in Bangladesh to expedite economic progress through building world class technology-based, time consuming, efficient and environment-friendly logistics system, an official release said.

A National Logistic Council-led by Prime Minister will be formed for the guidelines and coordination aimed at implementing the National Logistic Policy-2024.

Besides, a National Logistic Development and Coordination Committee led by Prime Minister's principal secretary will be formed for reviewing and evaluating for implementation of the policy.

The logistic sector plays an important role in maintaining export capability at the global trade, achieving competitive capability of increased prices of products and reducing transport time and maintaining supply discipline.

All cabinet members lauded for formulating the national Logistics Policy and hoped this policy will play a game changer role in the development of Bangladesh.

Besides, a total of seven appendixes have been incorporated in the national Logistics Policy. The appendixes include important definitions related to logistics sector, list of relevant and important policy of the logistic sector, detailed reformation proposal of logistic sector,

Institutional capacity, lack of skill demand of manpower in the logistic sector, potential investment in logistic sub-sector, research-based recommendations for the development of the logistic sector and work plan has been incorporated in the national logistic policy.

The most important activities for implementation of the National Logistic Policy-2024 are building multidimensional logistic hub, economic zone, international economic corridors, airports, river ports, sea ports and land ports.

The national Logistic Policy-2024 also included introducing environment friendly transport, development of technology-based logistic system and introducing modern cargo services at all domestic and international airports._BSS