+
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

NABARD Holds Seminar on Vigilance, Integrity and Good Governance

National Bank for Agriculture and Rural Development (NABARD) organised a seminar on “Vigilance: Strengthening Integrity and Good Governance” on 25 August 2026 at its Head Office in Mumbai as part of the ongoing Vigilance Awareness Campaign 2026 being observed from 17 August to 16 November 2026, with the theme “Probity for Prosperity."" The seminar was graced by Suresh N Patel, Former Central Vigilance Commissioner, Government of India, as the chief guest and keynote speaker.  The programme was attended by G S Rawat, Deputy Managing Director, Dr Ajay K Sood, Deputy Managing Dire..

Next Story
Equipment

XCMG Unveils World's First 14,000-Ton Ring Crane for Heavy Lifting

XCMG has announced that the first main unit of the world's first 14,000-ton ring crane has rolled off the production line, marking a historic breakthrough in ultra-heavy lifting technology. Jointly developed by XCMG and Sinopec Heavy Lifting & Transportation Co., Ltd., the crane will be the largest-capacity ring crane ever built, setting a new benchmark for major construction projects worldwide.The crane features a modular configuration comprising two main units that work in tandem. The first main unit has completed final assembly and can independently perform lifting operations. Once both..

Next Story
Infrastructure Urban

Thriveni Logistics orders 200 tip trailers from Jagdamba trailers

Jagdamba Trailers (JTPL), one of India’s growing trailer manufacturers, has secured a significant order for 200 Tip Trailers from Thriveni Transport and Logistics Pvt. Ltd., a leading mining and logistics company serving operations across India and overseas.The order, placed for iron ore transportation, is a major milestone for JTPL, particularly as the company secured the business after competing with more than 10 established trailer manufacturers. It also strengthens an already successful relationship between the two companies. Approximately one and a half years ago, Thriveni Transport and..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code