Logistics Data Services News Today

Efficiency becomes particularly salient when applied to logistics. For logistics, efficiency translates into reduced costs, which have far-reaching implications for a countrys economy. Lower logistics costs mean more efficient trade and transportation, reducing consumer prices and heightened business productivity. Countries with streamlined logistics can gain a competitive advantage in the global market, making their products and services more attractive due to lower costs.

The report said: “Since 2015, Government of India has invested in trade-related soft and hard infrastructure connecting port gateways on both coasts to the economic poles in the hinterland."

Read more about India jumps 6 places on World Bank's Logistic Performance Index on Devdiscourse

India was ranked 44th on the index in 2018 and has now climbed to 38th in the 2023 listing. Indias performance has drastically improved from 2014, when it was ranked 54th on the LPI.

The National Logistics Policy was launched last year to ensure quick last-mile delivery, end transport-related challenges, save time and money of manufacturers, and prevent agricultural waste

New Delhi [India], May 17 (ANI/PRNewswire): NICDC Logistics Data Services (NLDS), a joint venture between the Government of India, represented by the National Industrial Corridor Development and Implementation Trust, and NEC Corporation, a leader in the integration of IT and network technologies, today announced extension of its Logistics Data Bank (LDB) services at 9 major Special Economic Zones (SEZ) across India to improve last mile container visibility. Major SEZs include Visakhapatnam, SEE...