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India has jumped 6 locations and ranked 38 out of 139 international locations within the seventh version of World Bank’s Logistics Performance Index 2023, Ministry of Commerce & Industry stated on 26 April.
India has jumped 6 locations and ranked 38 out of 139 international locations within the seventh version of World Bank’s Logistics Performance Index 2023, Ministry of Commerce & Industry stated on 26 April.
India has seen outstanding enchancment on 4 out of 6 LPI indicators, added the ministry.
India has seen outstanding enchancment on 4 out of 6 LPI indicators, added the ministry.
“This is a powerful indicator of India’s international positioning, with this improvement being powered by our Government’s laser deal with reforms for enhancing logistics infrastructure,” the government said in an official statement.
“This is a strong indicator of India’s global positioning, with this development being powered by our Government’s laser focus on reforms for improving logistics infrastructure,” the federal government stated in an official assertion.
Citing the explanations for the brand new replace, the federal government gave the credit score to its PM GatiShakti National Master Plan launched in October 2021. It added that PM GatiShakti addresses the rising wants of remodeling the logistics panorama as a consequence of elements like speedy urbanization, altering power selections, e-commerce, have to develop resilient provide chains and many others.
Citing the explanations for the brand new replace, the federal government gave the credit score to its PM GatiShakti National Master Plan launched in October 2021. It added that PM GatiShakti addresses the rising wants of remodeling the logistics panorama as a consequence of elements like speedy urbanization, altering power selections, e-commerce, have to develop resilient provide chains and many others.
Apart from this, the Ministry stated that the National Logistics Policy (NLP) — which acts as a guiding doc for States or UTs in search of to formulate logistics coverage — helped enhance India’s rating.
Apart from this, the Ministry stated that the National Logistics Policy (NLP) — which acts as a guiding doc for States or UTs in search of to formulate logistics coverage — helped enhance India’s rating.
The NLP lays emphasis on the shift in the direction of extra energy-efficient modes of transportation and greener fuels to cut back the carbon footprint.
The NLP lays emphasis on the shift in the direction of extra energy-efficient modes of transportation and greener fuels to cut back the carbon footprint.
The Commerce Ministry in its assertion even included that the federal government additionally invested in trade-related mushy and onerous infrastructure connecting port gateways on each coasts to the financial zones in hinterland.
The Commerce Ministry in its assertion even included that the federal government additionally invested in trade-related mushy and onerous infrastructure connecting port gateways on each coasts to the financial zones in hinterland.
Adding extra, the Ministry stated that NICDC’s Logistics Data Bank undertaking — making use of radio frequency identification (RFID) tags to containers — and its implementation since 2016 on the Western a part of India and scaling as much as Pan India degree in 2020 has been vital enchancment in cross-border commerce facilitation.
Adding extra, the Ministry stated that NICDC’s Logistics Data Bank undertaking — making use of radio frequency identification (RFID) tags to containers — and its implementation since 2016 on the Western a part of India and scaling as much as Pan India degree in 2020 has been vital enchancment in cross-border commerce facilitation.
Also, the Logistics Data Bank undertaking promotes wholesome competitors amongst the ports because it gives data on efficiency benchmarking, congestion, dwell time, velocity, and transit time evaluation, the Ministry stated.
Also, the Logistics Data Bank undertaking promotes wholesome competitors amongst the ports because it gives data on efficiency benchmarking, congestion, dwell time, velocity, and transit time evaluation, the Ministry stated.
The Commerce Ministry even famous that initiatives like Sagarmala and Bharatmala have performed a pivotal position in enhancing India’s logistics effectivity.
The Commerce Ministry even famous that initiatives like Sagarmala and Bharatmala have performed a pivotal position in enhancing India’s logistics effectivity.
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