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Government of Bihar,
Department of Industries
Resolution
Subject :- Bihar Logistics Policy 2023
1. Preamble
Bihar Government is committed to providing international standard infrastructure and facilities
in the State for industrial and social growth. The State has planned initiatives for the
development of various sectors such as Textile & Garment, Logistics, Food processing, small
machine manufacturing, Tourism, Information Technology, Renewable energy etc.
Logistics plays a crucial role in the economic development of any region and is a key
determinant for creating efficient backward and forward linkages. There have been a
significant number of investments, with domestic and global companies looking at India as a
favorable market, especially with the shifts brought about by the rise of the e-commerce retail
sector. Innovative ideas to improve end-to-end logistics are the need of the hour especially
since a larger share of demand is expected from tier Il and tier Ill cities, and customers are
looking at a bouquet of hybrid services including air cargo, time-determined delivery, etc.
This policy is proposed to make the logistics sector in the State more attractive to potential
investors. This Policy is aimed at defining the broad contours of the Government's mission
towards augmenting the development of the logistics Industry. The policy aims to establish
Bihar as a competitive and favored investment destination, achieve regional development,
diversify exports and augment livelihood opportunities for its people through resilient
economic development.
2. Background
The Logistics Sector comprises of warehousing, shipping, rail, road, air freight, express cargo
and other value-added services. Globally it generates an average annual turnover of more
than USD 8 trillion and accounts for 11 percent of the global GDP in 2019. The Logistics
market is expected to reach USD 15522.02 billion by 2023. The market is expected to reach
92.10 billion tons by 2024. .
2.1. Indian Scenario
The Indian logistics sector was valued at USD 160 billion in 2019. India’s rank has improved
from 54 in 2014 to 44 in 2018 in the World Bank’s Logistics Performance Index (LPI), in terms
of overall logistics performance. ;
The sector has come a long way since the economic liberalization, from being Excerpt shown. Open the full act in Lexace.
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