There is no denying to the fact that India is one of the fastest-growing economies in the world and is home to some largest manufacturing facilities, delivering goods in both domestic and international markets. However, there was a time when a poor logistics system was crippling this growth story. Transporting goods around the country used to take weeks altogether with incessant delays. There was no mechanism to track the goods in real-time. To combat ‘running out of stock’ scenarios, manufacturers started overstocking the inventories. This unnecessarily added to their expenses and made attracting foreign investments a difficult proposition. Realizing that this rapid economic growth was outstripping the capabilities of the logistics system, the GOI (Government of India) started with a series of initiatives to empower their infrastructure. This lead to the birth of DMICDC Logistics Data Services (DLDS) – a joint venture between GOI represented by National Industrial Corridor Development and Implementation Trust (NICDIT) and Japanese IT major NEC Corporation, with 50:50 equity participation on 30th December 2015.
The LDB Project
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SHAKEN AND STIRRED
The COVID-19 pandemic has partially paralysed the logistics and supply chain, but the industry is still deterred to ensure supply of essentials continues
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