Logistics Performance Index

Logistics cost in India to come down to 9% in next 2 years: Nitin Gadkari

Union minister Nitin Gadkari on Wednesday said the logistics cost in India will come down to 9 per cent within two years. Speaking during bauma Conexpo India, the Road Transport and Highways Minister said that "presently our logistics cost is 14-16 per cent... I assure you that within two years... our logistics cost will be 9 per cent. So we will be more competitive in the international market." In China, the logistics cost is 8 per cent and in the US and European countries it is 12 per cent, the minister said. The minister further said the automobile industry is one of the important industries that is giving maximum revenue as part of GST to the state governments and the Centre. The role of the automobile industry is very important to make India a USD 5 trillion economy, he said. The construction equipment, he said, is also part of this automobile industry. The government is developing infrastructure of international standards, he said, adding that water, power, transport and ..

11 ministries hold deliberations on improving logistics performance index

As many as 11 ministries and departments, including industry, railways and ports, held deliberations on measures taken and action plans needed for improving India's Logistics Performance Index (LPI) ranking, an official statement said on Saturday. Sumita Dawra, Special Secretary (Logistics) in the Department for Promotion of Industry and Internal Trade (DPIIT) said that a targeted action plan is important to improve the logistics efficiency of the country and India's ranking in the World Bank LPI. She added that the measures taken by the stakeholder ministries and departments will be showcased to the World Bank LPI team. These discussions happen every fortnight to assess the measures taken and outcomes achieved in improving performance across six parameters of LPI including customs, infrastructure, ease of arranging shipments quality of logistics services, tracking and tracing and timeliness. The DPIIT said that in the meeting Land Ports Authority of India (LPAI), highlighted that

15 states among achievers in logistics performance index 2022: DPIIT report

Andhra Pradesh, Assam and Gujarat are among the 15 states and UTs categorised as achievers in the logistics index chart 2022, according to a report released by the commerce and Industry Ministry on Thursday. The index is an indicator of the efficiency of logistical services necessary for promoting exports and economic growth. Kerala, Madhya Pradesh, Rajasthan, Puducherry, Sikkim and Tripura are the other states categorised as fast movers in the ranking. The 15 states and UTs ranked in the aspirers category include Bihar, Chhattisgarh, Goa and Mizoram. The report ranks the states on the basis of their logistics ecosystem, highlights the key logistics-related challenges faced by the stakeholders and includes suggestive recommendations, according to the fourth LEADS (Logistics Ease Across Different States) 2022 report unveiled by the Commerce and Industry Minister Piyush Goyal. The index aims at enhancing the focus on improving logistics performance across states which is essential f

Govt to declare Logistics Performance Index for states, UTs by December

Under the index, states and union territories will be ranked as per their trade related facilities

Logistics indicators for states, UTs soon

The government is set to work on the country's own Logistics Performance Index for states, on the lines of what the World Bank does for countries. It has asked consultancy entity Deloitte to design indicators on which states will be rated.The ministry of commerce has asked Deloitte to benchmark states in terms of facilitating access to international markets for all export and import cargo. The performance would be compared to parameters like ease of arranging logistics, quality, cost, efficiency and timeliness. Indicators will be identified based on information on logistics and trade from all 36 states and Union Territories, after evaluation of the chain linking to international gateways. Importantly, the indicators will consider interventions in the domain of state governments and impacting the movement of goods or the cross-sector interoperability of logistics services across state borders.Though it will be predominantly for trade-related logistics, it could also indicate the ...