DPIIT and NCAER sign MoU for logistics costs assessment

08 Jul 2024 CW Team

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)

Infrastructure Urban

06 Jul 2026

ABS Marine Sees CRISIL Credit Rating Upgrade

ABS Marine Services has secured an upgrade to its long term and short term credit ratings from CRISIL, reflecting improved profitability and revenue growth through long term contracts. CRISIL moved the long term rating from BBB+/Stable to A-/Stable and revised the short term rating from A2 to A2+. The action signals strengthened financial metrics and operational resilience. The company benefited from durable client relationships with firms such as ONGC and Schlumberger. The rating decision followed stronger cash flows and an enlarged bank loan facility, which increased from Rs 3,705 million (m..

Project BRAHMANK Marks 16 Years Of Strategic Roads In Arunachal

Project BRAHMANK is marking 16 years of work to establish strategic road and bridge links across Arunachal Pradesh, maintaining and developing 811 kilometres of roads and nearly 86 bridges that range from small culverts to large steel and arch bridges. These transport links are described as critical for ensuring year-round movement of defence personnel, equipment and essential supplies while improving everyday travel for people in remote villages. The project balances national security requirements with regional development by focusing on reliable access in challenging terrain. Notable enginee..

Longleng CSOs Give One Week Ultimatum Over Two-Lane Highway

Civil society organisations (CSOs) in Longleng district have demanded immediate restoration of the deteriorating Changtongya–Longleng two-lane road and sought a detailed status report on the stalled construction within one week. The demand followed a consultative meeting convened under the Phom Peoples' Council (PPC) to discuss welfare and development concerns. PPC president YB Angam Phom said prolonged non-maintenance had caused hardship to commuters and affected transportation, local commerce and the district's development. The meeting urged authorities to undertake immediate restoration a..