News

01 July 2016

Business Standard

DMICDC launches logistics data services at JNPT

Delhi Mumbai Industrial Corridor Development Corporation (DMICDC) today launched the logistics data services at Jawaharlal Nehru Port Trust in Navi Mumbai.

DMICDC and Japanese IT major NEC Corporation have formed a joint venture -'DMIC Logistics Data Bank'- with 50:50 equity participation to establish a logistics data bank (LDB) that will handle the tracking and viewing of container movement across all ports to the inland container depots (ICDs) and end-users.

The LDB will integrate the information available with various agencies across the supply chain to provide detailed real time information within a single window.

It will also enable real-time tracking of the containers along the western corridor of India, starting from the ports and covering their movement through rail or road, until they get to the inland container depots and container freight stations," DMICDC CEO and Managing Director Alkesh Kumar Sharma said.

The service will also provide alerts in the event of delays, enable users to choose the optimal supply chain and generate large volumes of data that will help in more efficient planning and streamlining logistical operations at the port, he said.

He further said the service will also help save USD 3.2 billion annually by 2017 by virtue of the lesser inventory carried by the industry.

"With LDB offering easy movement of goods, the options to choose transport lines best suited to their requirements, the savings on unnecessary detention and demurrage costs and reduced lead times, manufacturers have an even greater incentive to set up industries along the Delhi-Mumbai Industrial Corridor," Sharma said.