NLDSL-NICDC Logistics Data Bank’s LDB Project has achieved a milestone of handling 50 million EXIM containers since its inception six years ago.
- Union Minister for Commerce and Industry Shri Piyush Goyal congratulated the entire team of NLDSL for achieving the milestone.
- Logistics Data Bank was conceived as one of the smart community projects between India and Japan during the initial stages of planning of Delhi Mumbai Industrial Corridor project. LDB handles 100% per cent of India’s EXIM container volume.
- It uses RFID technology through Internet of Things (IoT), Big Data and Cloud-based solution to provide real-time tracking of EXIM container movement in India.
- The LDB system has contributed in improving India’s rank in the benchmarking tool of the World Bank i.e. Logistics Performance Index (LPI) and Ease of Doing Business (EoDB) to help countries identify the challenges and opportunities in trade logistics.
- LDB has led to improve the key components of logistics which include customs performance, infrastructure quality, logistics service quality, consignments tracking and tracing, timeliness of shipments and Trading Across Border (TAB) which is primarily the relevant parameter for cross-border trade.
