Delhi-Mumbai Industrial Corridor Development Corporation (DMIDC) has signed an agreement with Adani Ports and Special Economic Zone (APSEZ) to introduce its logistics data bank services at Hazira and Mundra terminals from May 1.
With the introduction of the logistics data bank (LDB) services at the two terminals, nearly 70 per cent of container volume will come under online tracking system, DMIDC said in a statement today.
The LDB, which is operated by the DMICDC Logistics Data Services Limited (DLDS), uses RFID technology to track containers along the western corridor of India, starting from the ports and covering their entire movement through rail or road until the inland container depots and container freight stations.
"This agreement will not only help shippers and end users track the whereabouts of their cargo in near-real time and through a dedicated single window from any device, but will also help logistics entities to streamline their operations," DMICDC CEO and Managing Director Alkesh Sharma said.
DMIDC had first introduced this service at the Jawaharlal Nehru Port Trust. JNPT accounts for 4.5 million TEUs, and with Mundra and Hazira container terminals another 3.9 million TEUs will be added.
Sharma said the agreement with APSEZ will effectively bring 70 per cent of the country's container volume-amounting to 8.4 million TEUs (20-foot-equivalent units) out of the pan-India annual container traffic of 12 million TEUs- on the LDB tracking system.
"LDB service and the strong analytics and insights generated through it, will have a significant impact on shortening shipping lead times, reducing inventory levels, transaction costs incurred by the shippers and consignees, and improving the accuracy of production plans across the entire sector," he said.
LDB has been designed to be a large scalable project and the DLDS aims to expand it to other container handling ports in the western corridor as well as the southern corridor in the near future, for a pan-India reach and maximising the effectiveness of the project, Sharma added.
Disclaimer: No Business Standard Journalist was involved in creation of this content
