The West Bengal government is contemplating to grant industry status to the State’s $20 billion logistics sector for seamless development of various infrastructure projects, an official said.
The State is working on framing a logistics policy and it may require about ₹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% of the gross domestic product to less than 10% 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,” the official said.
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