Government will soon expand operation of Logistics Data Bank (LDB) project to India’s southern region. So far, it had covered only the western logistics corridor.
About Logistics Data Bank project:
Logistics Data Bank (LDB) project was unveiled in July 2016 at the Jawaharlal Nehru Port, Mumbai with an aim to bring efficiency in the current Logistics & Supply Chain environment through use of information technology that would be helpful for tracking and viewing the movement of containers across the port.
- The project covers the entire movement (of containers) through rail or road till the Inland Container Depot and Container Freight Station. It integrates information available with the agencies across the supply chain to provide detailed, real-time information within a single window.
- The LDB is being implemented through a Special Purpose Vehicle called Delhi Mumbai Industrial Corridor Development Corporation Logistics Data Services Ltd. (DLDSL) — that is jointly (50:50) owned by the Delhi Mumbai Industrial Corridor (DMIC) Trust and Japanese IT services major NEC Corporation.
- From May 2017, its operations expanded to the container terminals at Adani Port Special Economic Zone, Mundra and Adani Hazira Port — both in Gujarat.
- So far, the DLDSL is providing container tracking services to around 70% of the container traffic in India.
Benefits of Logistics Data Bank project:
Under Logistics Data Bank project, there is a facility where every container is attached to a Radio Frequency Identification (RFID) tag and then tracked through RFID readers. This helps importers and exporters in tracking their goods in transit.
- This facility has cut the overall lead time of container movement and has also reduced transaction costs that consignees and shippers incur.
- It is regarded as a major ‘ease of doing business’ initiative aimed at boosting India’s foreign trade and ensuring greater transparency.