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Delhi Mumbai Industrial Corridor (DMIC) Trust and Japanese IT major NEC Corporation on Tuesday signed a shareholders’ pact with 50:50 equity participation to establish a logistics data bank (LDB). The LDB will be operated by a special purpose vehicle that DMIC and NEC will jointly run.
It will handle the tracking and viewing of container movement across all ports to the inland container depots (ICDs) and end-users.
Called DMIC Logistics Data Bank, the LDB is expected to improve competition, reduce transportation lead time and cost by sharing container movement information among all agencies in the supply chain using an IT-based platform.
“This project would be an overarching solution that will integrate the information available with various agencies across the supply chain to provide detailed real time information within a single window,” said Alkesh Sharma, CEO, DMIC Trust.
The project has been developed after extensive consultations with the stakeholders and support from Ministry of Shipping, Jawaharlal Nehru Port Trust, Ministry of Railways, Tariff Authority for Major Ports, National Highway Authority of India, Indian Port Association and the Director General for Foreign Trade, said a press release here.
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