Minister of Commerce and Industry and Civil Aviation, Suresh Prabhu, met with the World Bank team in New Delhi . The team was led by Ms. Caroline Freund, Director of Trade, Regional Integration and Investment Climate and Junaid Ahmad, Country Director for the World Bank in India. Discussions were held to explore ways to strengthen World Bank support towards Indias development with collaboration in specific areas of trade, logistics and investment.
The Minister highlighted the work being done by the Ministry for developing a National Integrated Logistic Policy . The Policy will focus on increasing the capacity of storage and warehousing and other value added services. Multimodal logistics parks, integrating various transportation modes, are also being developed right up to the district level.The (NILP) will reduced the cost of goods and make Indian product more competitive.