There are many elements that can make Make-In-India thrive. A sound industrial policy is one of them. Logistics, and how efficient it is, certainly is another. As a percentage of the GDP, logistics costs in India form 13-14 per cent of the GDP. How can the new NDA government help bring it down to 10 per cent, or even below?
Here's what we can expect in terms of policy over the next few years.
Standardisation is important not just for lowering costs but for safety as well," he said. We can expect some amount of standardisation, in the months ahead.