# Bihar Logistic Policy, Section 3

- Act: Bihar Logistic Policy (Act 4260 of 2023)
- Source URL: https://indiacode.ecourtsindia.com/bihar-logistic-policy/section/3/

## Text

Need for the Policy Cola The Government of Bihar realizes that to achieve the vision of sustainable industrialization in the state, the development of warehousing and logistics infrastructure shall be a critical factor. A vibrant warehousing and logistics sector would increase the competitiveness of goods produced in the state, both in the domestic as well as international market. The Sector has high potential to boost manufacturing and job creation in the state and can therefore be instrumental in further improving the state's GSDP. With this view, the Government of Bihar envisions the "Bihar Logistics Policy 2023" to maximize the benefit accorded by the strategic geographical location of the state and spur far-reaching economic benefits. The rapid industrialization in Bihar has also created a higher demand for more sophisticated logistics infrastructure. With the introduction of GST, India has become a unified market, and Bihar has immense potential to emerge as a manufacturing and warehousing hub of the nation given its locational advantage. The current storage and warehousing capacity in the state is not sufficient to meet the rising storage demand. Therefore, expanding the storage capacity in the state shall be further emphasized through this policy. Through this policy, the Government of Bihar envisages attracting investments in the following categories but not limited to: (i) Warehousing, Cold storage and associated infrastructure (ii) Technological solutions in real-time logistics, upgrading supply chain management and process improvement (iii) Robotics & Automation technologies in the warehousing and logistics sector (iv) Skill development and training This policy takes ahead the vision and objectives of the state's Industrial Investment Promotion Policy 2016 (BIIPP 2016) and further provides strategic direction for the development of the warehousing and logistics sector in the state over the next 5 years.

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