Supply Chain Management and Logistics Summit 2023 envisions transforming the India’s logistic landscape

Hyderabad: The Supply Chain Management and Logistics Summit 2023 unveiled a transformative vision for India's logistics landscape, featuring key insights from industry leaders and policymakers. The summit highlighted the significant role of logistics in India's economic growth and the nation's ambitious goal of achieving a $5 trillion economy. Topics such as Atmanirbhar in shipbuilding, repair, and recycling; reforming shipping policies and institutional frameworks was discussed.

Further discussions were done on enhancing India's global stature as an ocean, coastal, and island cruise hub; world-class maritime research, education, and training; emissions reduction and the significant decrease in turnaround time and carbon footprints through the multimodal shift for waterways, including the Ganges, Brahmaputra, and other navigable waterways.

Nitin Gadkari, Minister of Road Transport and Highways, emphasised the importance of supply chain management and logistics in realising this vision. He stated, "For India to achieve the PM's dream of a $5 trillion economy, our exports must increase and imports reduced. Supply Chain Management and Logistics has a huge role in this transformation." He further emphasised the need to reduce logistics costs, improve road infrastructure, and leverage waterways to make Indian exports more competitive globally.

The summit showcased India's commitment to becoming a global logistics and supply chain management leader. The event facilitated knowledge sharing, collaboration, and the exploration of innovative solutions to revolutionise India's logistics landscape.

Sarbananda Sonowal, Minister of Ports, Shipping, and Waterways, stated "The Supply Chain Management and Logistics Summit 2023 provided a platform to discuss key challenges and opportunities in India's logistics sector "India is uniquely positioned to stabilize the global supply chain management sector. Our country has made significant progress in the efficiency of ports, and we are implementing the National Action Plan for Green Shipping. The youth must be aware and sensitized about climate change because Prakati Rahega to Prani Rahega."

The summit also featured Sanjeev Ranjan, Chairman of the National Shipping Board, who discussed the Sagarmala Project's role in rejuvenating sea ports for economic development. Additionally speakers shed light on various critical aspects of India's logistics ecosystem, including world-class port infrastructure, 'Smart Ports' to improve Ease of Doing Business, multimodal shifts to reduce logistics costs, institutional and regulatory reforms, and the importance of a safe, sustainable, and green maritime sector.