India's Logistics Efficiency: Targeted Action Plan to Improve Global Ranking
Dec 07, 2023 14:11
India aims to improve its logistics efficiency and global ranking in the World Bank's LPI, with a targeted action plan shared across departments and big data generation.
New Delhi, Dec 7 (PTI) The commerce and industry ministry on Thursday said a targeted action plan has been shared with various departments and big data is being generated to improve the logistics efficiency of the country.
These efforts will improve India's ranking in the World Bank's LPI (logistics performance index), the department for promotion of industry and internal trade (DPIIT) said in a statement.
A meeting to showcase ongoing and upcoming initiatives and reforms to improve India's logistics efficiency to the World Bank team was held under the chairpersonship of the Special Secretary (Logistics), DPIIT, Sumita Dawra here on Wednesday.
Nodal officers of the LPI-dedicated team, including those from Land Ports Authority of India (LPAI), Civil Aviation, Railways, Ports, Shipping and Waterways, Central Board of Indirect Taxes and Customs (CBIC) and National Industrial Corridor Development Corporation Limited (NICDC) and members from World Bank participated in the meeting.
"The targeted action plan has been shared by various ministries/departments and big data is being generated to improve the logistics efficiency of the country. These efforts will improve India's ranking in the World Bank LPI," it said.
During the meeting, best practices adopted by ministries/departments that are helping improve the efficiency were showcased.
Some of the reforms/initiatives undertaken included implementation of a Land Port Management System (LPMS) to digitise operations and facilitate a secure electronic flow of information between all stakeholders at the integrated check posts (ICPs) by LPAI. Also, 100 per cent electrification of railway tracks is being planned by the rail ministry.
"e-Air Way Bill (e-AWB) and e-Cargo Security Declaration are Digital Measures taken by MoCA. Implementation of e-Gatepass is due in September 2024," it said.
Dawra said that these initiatives with a targeted intervention will improve logistics efficiency in the country.
Further, DPIIT and Inter-Ministerial Dedicated Team would continue to work with the World Bank to understand the LPI evolving methodology.
In the meeting, Senior Transport Economist, World Bank, Jean-François Arvis informed about the change in LPI calculation approach that is being considered by the World Bank.
India improved its ranking by 6 places to 38 out of 139 countries in the Logistics Performance Index (LPI 2023) of the World Bank. The last ranking was released in April.
Home »
Market News » India's Logistics Efficiency: Targeted Action Plan to Improve Global Ranking
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
You May Like To Read
MORE NEWS
Nepal Allows Indian High-Value Notes After Ban
Nepal lifts decade-long ban on Indian high-value currency notes (Rs 200 & Rs 500) up to...
SBI Yono 2.0 Launched; Hiring 10,000 Staff
SBI launches Yono 2.0 & plans to hire 10,000 staff to help customers migrate to digital...
Ravi Ranjan Appointed SBI MD
Ravi Ranjan appointed Managing Director of State Bank of India (SBI). He succeeds Vinay...
KSH International IPO: Rs 213 Cr from Anchor...
KSH International raises Rs 213 cr from anchor investors ahead of its IPO. IPO opens...
NCDEX Gets Sebi Nod for Mutual Fund Platform
NCDEX receives Sebi approval for mutual fund platform, paving the way for equity...
WhatsApp Data Sharing: NCLAT Clarifies User...
NCLAT mandates user consent for WhatsApp data collection, including advertising. Learn...
Pajson Agro IPO Subscribed 6.59 Times on Day 3
Pajson Agro India''s Rs 74.4-cr SME IPO subscribed 6.59 times on final day. IPO...
Battery Storage Cost Falls: Rs 2.1/Unit, Power Min
Battery energy storage (BESS) cost drops to Rs 2.1/unit from Rs 10.18 in 2022-23....
India Rice Exports to US: No Dumping, Says...
Commerce Secretary clarifies India exports expensive basmati rice to the US, refuting...
360 One Raises Rs 2,300 Cr Realty Fund
360 One Asset raises Rs 2,300 crore real estate fund, deploying majority in projects....
Read More »