03 September 2016

India Today

Logistics data bank project to improve supply chain:DMICDC

New Delhi, Sep 3 (PTI) The logistics data bank project of the Delhi-Mumbai Industrial Corrdior Development Corporation (DMICDC) will help improve the logistics supply chain in the country.

India has jumped 19 places to 35th on the World Banks Logistics Performance Index 2016.

The logistics data bank (LDB) intends to bring a drastic change in the way container movement is tracked and its visibility across the supply chain, DMICDC said in a statement.

It also said that the EXIM container tracking, which commenced from July 1 this year in the western corridor of India through the use of RFID technology, has covered 5,32,000 container movements under the project.

This would not only bringing the visibility of the container movement but also bring efficiency in the logistics supply chain management.

DMICDC and Japanese IT major NEC Corporation have formed a joint venture -DMICDC Logistics Data Services Ltd with 50:50 equity participation to establish the LDB service that will handle the tracking and viewing of container movement across all ports to the Inland Container Depots and end-users.