# Bihar Logistic Policy, Section 2

- Act: Bihar Logistic Policy (Act 4260 of 2023)
- Source URL: https://indiacode.ecourtsindia.com/bihar-logistic-policy/section/2/

## Text

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.

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