Mumbai, July 1:Real-time cargo movement information designed to reduce transportation costs for Indian industry has become a reality with Delhi Mumbai Industrial Corridor Development Corporation (DMICDC) successfully launching the Logistic Data Services (LDS) project here today.
The LDS programme was launched at Jawaharlal Nehru Port, Navi-Mumbai in the presence of JNPT Deputy Chairman Shri Neeraj Bansal and senior officials of DMICDC, along with the private terminal operators at JNPT and Japan’s NEC Corporation team.
Earlier, the DMICDC Logistics Data Services Limited, a joint venture of the Delhi Mumbai Industrial Corridor Trust and Japanese IT major NEC Corporation, had signed an agreement with the Jawaharlal Nehru Port (JNPT) to implement a technology solution in this regard.
The agreement for the LDS project was signed between Shri Anil Diggikar, Chairman, JNPT, and Shri Alkesh Kumar Sharma, Director, DMICDC Logistics Data Services Limited in the presence of Shri Nitin Gadkari, Union Minister of Shipping, Road Transport and Highways at the recently concluded Maritime India Summit 2016 in Mumbai. This is probably the first agreement signed during the Maritime Summit where project is commissioned.
The LDS will integrate the information available with various agencies across the supply chain to provide detailed real time information within a single window.
It will enable real-time tracking of the containers along the western corridor of India, starting from the ports and covering their movement through rail or road, until they get to the Inland Container Depots and Container Freight Stations.
LDS will also provide alerts in the event of delays, enable users to choose the optimal supply chain and generate large volumes of data that will help in more efficient planning and streamlining logistical operations at the port.
“As nearly 20% of the entire export-import trade of India is locked up in the inventory carrying cost of manufacturers, the LDS would be a game-changing solution to provide substantial benefits to each stakeholder and the visibility brought in by the LD services would induce competition amongst the logistics stakeholders, which, in turn, will set benchmarks for the entire supply chain,” noted Mr Alkesh Sharma .
LDS can help reduce the transportation lead-time — the time taken for goods to travel from their origin to their destination — by approximately five days, resulting in estimated savings of USD 3.2 billion annually by 2017 by virtue of the lesser inventory carried by the industry, he said.
“With LDB offering easy movement of goods, the options to choose transport lines best suited to their requirements, the savings on unnecessary detention and demurrage costs and reduced lead times, manufacturers have an even greater incentive to set up industries along the Delhi-Mumbai Industrial Corridor,” he added.
The JNPT will become the first port in India to roll out this world-class technology.
“The project would be an overarching solution that will integrate the information available with various agencies across the supply chain to provide detailed real time information within a single window. JNPT sees lot of value in the LD services and believes that it shall help in streamlining the port operations and bring in much required efficiencies in the Indian logistics supply chain,” said Shri Anil Diggikar, Chairman, JNPT.
DMICDC Logistics Data Services Limited is a Special Purpose Vehicle created to implement the LD Project, with equal equity participation of the DMIC Trust and NEC Inc. of Japan.
LDS additionally promotes a modal shift from truck to rail transport, a goal that will be greatly bolstered once the western Dedicated Freight Corridor becomes operational with the aim of reducing emissions from road transport and lower India’s carbon footprint.
Also, the LD service will become a pan-India strategic project for providing tracking solution to stakeholders in the Ministry of Shipping, Railways, Road Transport and Highways, Commerce and Finance.
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