New Delhi - An efficient logistics sector is pivotal for India to become a globally preferred business destination. It reduces manufacturing costs, makes businesses more competitive, and links them with global value chains, boosting the Make in India initiative. The sector is also one of India’s largest employers, employing over 22 million people.

In 2023, India ranked 38 out of the 139 nations in the World Bank’s Logistics Performance Index (LPI), up six places from the previous rankings in 2018. India . . .