Logistics Data Bank Project
Source : PIB
GS III : Infrastructure
Overview
- News in Brief
- Logistics Data Bank Project (LDB)
- Logistic Movement
Why in News ?
Recently, the Department for Promotion of Industry and Internal Trade (DPIIT) held a Logistics Data Bank Project (LDB) Meeting to review the measures taken by Port Authorities to improve port performance.
News in Brief
- Logistics Data Bank Project (LDB) Meeting today to review the measures taken by Port Authorities to improve port performance.
- Highlighted the significance of adopting a holistic approach to improving productivity of ports in order to achieve the USD 2.5 trillion EXIM target by 2030.
- Development of infrastructure on PM GatiShakti principles for adequate last and first mile connectivity, improvement of logistics services and enhancing port capacities to handle requisite trade volumes, etc. to be focused.
Logistics Data Bank Project (LDB)
- This initiative was introduced in 2016 at Mumbai’s Jawaharlal Nehru Port.
Photo by Tom Fisk - The project’s goals are to employ information technology to improve the efficiency of the logistics industry in India.
- Executing organisation:
- The Delhi Mumbai Industrial Corridor Development Corporation
- Logistics Data Services Ltd. (DLDSL), which is jointly owned (50:50) by the Delhi Mumbai Industrial Corridor (DMIC) Trust and Japanese IT services giant NEC Corporation, is carrying out the project.
What are the objectives?
- Every container has an RFID tag attached to it
- It can be read by RFID readers and monitored, making it easier for importers and exporters to keep track of their cargo as it travels.
- As a result, both shippers’ and consignees’ transaction costs have decreased.
- The overall lead time for moving containers has been shortened.
- The entire movement of containers through rail or road until the Inland Container Depot and Container Freight Station reached.
- The service integrates data from agencies all throughout the supply chain to deliver comprehensive, up-to-the-minute information in a single window.
Logistic Movement
- The Union Budget 2023 has doubled the PM Gati Shakti National Master Plan to States from Rs. 5,000 crore to Rs. 10,000 crore.
- PM Gati Shakti sets the goal of increasing rail freight movement from 27% to 45% by 2030.
- Also freight movement from 1.2 billion tonnes to 3.3 billion tonnes by 2030.
Challenges in Logistic Movement
- Road Transportation
- With 65% of goods moving by road, India’s goods movement is significantly tilted towards this mode of transportation.
- Road traffic congestion, pollution, and logistical costs have all grown as a result of this.
- Challenges in Rail Transport
- Indian Railways face infrastructural challenges such as the lack of necessary terminal infrastructure, maintenance of good sheds and warehouses.
- Increased Transit time.
- Skill Issues
- Access to skilled personnel for primarily labor-intensive procedures
- operations that are difficult and multitasking under growing transport demand.
- Storage and Warehouse
- The best utilisation of warehouses requires careful planning and incurs costs.
- Logistic preferred are not upto the mark.
- Supply Chain Management
- Lack of coordination between various players in the supply chain.
- This includes Inefficiencies, delays, and higher prices are caused by manufacturers, distributors, and retailers.
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