The Logistics Data Bank (LDB) project, unveiled in July 2016 to make India’s logistics sector more efficient through the use of Information Technology, will soon expand operations to the country’s southern region. So far, it had covered only the western logistics corridor.
The facility where every container is attached to a Radio Frequency Identification Tag (RFID) tag and then tracked through RFID readers aids importers and exporters in tracking their goods in transit. This has, in turn, cut the overall lead time of container movement as well as reduced transaction costs that consignees and shippers incur. It is billed as a major ‘ease of doing business’ initiative aimed at boosting India’s foreign trade and ensuring greater transparency.
The project covers “the entire movement (of containers) through rail or road till the Inland Container Depot and Container Freight Station,” the shipping ministry had said, adding that the service 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. On July 1, 2016, the LDB project was launched at the Jawaharlal Nehru Port, Mumbai. From May this year, its operations expanded to the container terminals at Adani Port Special Economic Zone, Mundra and Adani Hazira Port both in Gujarat.