DPIIT and NCAER sign MoU for logistics costs assessment
WAREHOUSING & LOGISTICS

DPIIT and NCAER sign MoU for logistics costs assessment

The Department for Promotion of Industry and Internal Trade (DPIIT) and the National Council of Applied Economic Research (NCAER) have signed a Memorandum of Understanding (MoU) for the development of a framework and assessment of logistics costs in India. The MoU was signed by Anil Sharma, Secretary and Operations Director of NCAER, and S K Ahirwar, Joint Secretary of DPIIT.

This agreement involves developing a detailed framework for assessing logistics costs in the country, conducting a comprehensive study for the year 2023-24, and examining the differences in logistics costs across various routes, modes, products, types of cargo, and service operations. The MoU also includes identifying major determinants and their influence on logistics in different sectors. NCAER will conduct the detailed study and submit the report within a year.

The government launched the National Logistics Policy (NLP) on September 17 2022, with one of its primary objectives being to reduce the percentage of logistics costs relative to GDP. In line with this, the Logistics Division of DPIIT released a report titled "Logistics Cost in India: Assessment and Long-term Framework" in December 2023. Prepared by NCAER, this report provided a baseline aggregate logistics cost estimate and a framework for long-term logistics cost calculation.

"The logistics cost of the country needs to be regularly assessed and monitored so that data on cost variation will benefit both the industry and policymakers. This process involves using data on trade flows, product types, industry trends, and origin data pairs. In addition to conducting detailed secondary surveys, this requires an institutionalised framework for systematic and periodic data collection," a statement from the Ministry of Commerce and Industry said.

(Source: FE)

The Department for Promotion of Industry and Internal Trade (DPIIT) and the National Council of Applied Economic Research (NCAER) have signed a Memorandum of Understanding (MoU) for the development of a framework and assessment of logistics costs in India. The MoU was signed by Anil Sharma, Secretary and Operations Director of NCAER, and S K Ahirwar, Joint Secretary of DPIIT. This agreement involves developing a detailed framework for assessing logistics costs in the country, conducting a comprehensive study for the year 2023-24, and examining the differences in logistics costs across various routes, modes, products, types of cargo, and service operations. The MoU also includes identifying major determinants and their influence on logistics in different sectors. NCAER will conduct the detailed study and submit the report within a year. The government launched the National Logistics Policy (NLP) on September 17 2022, with one of its primary objectives being to reduce the percentage of logistics costs relative to GDP. In line with this, the Logistics Division of DPIIT released a report titled Logistics Cost in India: Assessment and Long-term Framework in December 2023. Prepared by NCAER, this report provided a baseline aggregate logistics cost estimate and a framework for long-term logistics cost calculation. The logistics cost of the country needs to be regularly assessed and monitored so that data on cost variation will benefit both the industry and policymakers. This process involves using data on trade flows, product types, industry trends, and origin data pairs. In addition to conducting detailed secondary surveys, this requires an institutionalised framework for systematic and periodic data collection, a statement from the Ministry of Commerce and Industry said. (Source: FE)

Related Stories

Gold Stories

Next Story
Infrastructure Urban

Sabarmati Riverfront Two Plots Up for Auction at Rs2.24 bn Base Price

Two commercial plots on the western bank of the Sabarmati Riverfront will be auctioned with a base price of Rs 112 crore each, equivalent to Rs 1.12 bn apiece and Rs 2.24 billion in total. The parcels are located adjacent to the Metro Rail Bridge in Ahmedabad and form the first commercial offering after a prolonged pause. The Riverfront Development Corporation has framed the sale as part of a phased commercial release to revive development along the riverfront. The combined base valuation has been set by the corporation to reflect market rates along the riverfront. The corporation has fixed a ..

Next Story
Infrastructure Urban

Andhra Pradesh to Connect Over One Million Streetlights

Andhra Pradesh will undertake a statewide smart streetlighting programme across all 123 Urban Local Bodies (ULBs), bringing around 1.05 million (mn) streetlights under an AI enabled monitoring and management system. The programme will be implemented by Energy Efficiency Services Limited (EESL) with the Commissioner and Director of Municipal Administration under the state Municipal Administration and Urban Development Department. The project aims to convert conventional streetlighting into a digitally managed municipal service monitored and maintained remotely. The initial phase will cover abou..

Next Story
Infrastructure Urban

AMC To Procure Four Machines For Guard Rail Cleaning

Ahmedabad Municipal Corporation will introduce four specialised machines for cleaning guard railings along major roads and the central verges of BRTS and Metro corridors. The civic body plans to replace manual labour with mechanised cleaning to improve maintenance of road infrastructure and greenery. The purchase is estimated at Rs 82.8 million (mn), excluding GST. The proposal sets the base price of each machine at about Rs 20.7 million (mn) so four units total Rs 82.8 million (mn) before GST. 18 per cent GST will be applicable separately. During the warranty period each machine will operate ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement