India, May 14 -- Preparation of a new logistics and warehousing policy aimed at improving freight movement, reducing congestion and strengthening supply chains is in the final stages, officials said on Wednesday.

According to the chief minister's office, the proposed policy seeks to position Delhi as a modern, efficient and environmentally sustainable logistics hub through a mix of infrastructure upgrades, incentives and digital systems. "The (proposed) policy will significantly improve Delhi's logistics ecosystem by strengthening supply chains, boosting industry, generating employment and attracting investment," said chief minister Rekha Gupta.

To attract investment, the government has proposed capital subsidies of up to 50%, capped at...