Government to expand Logistics Data Bank project to South India

Government to expand Logistics Data Bank project to South India

Question: The Logistics Data Bank (LDB) project aims to promote
(a) The use of Information Technology
(b) Foreign Direct Investment.
(c) Regional connectivity.
(d) None of the above.
Answer:- (a)
Related facts:-

  • The Logistics Data Bank (LDB) project, unveiled in July 2016, will soon be expanded to the country’s southern region. This project has so covered only the western logistics corridor.
  • The Logistics Data Bank (LDB) projectis an endeavor to make India’s logistics sector more efficient through the use of Information Technology.
  • Under this project every container is attached to a Radio Frequency Identification Tag (RFID) and then tracked through RFID readers .
  • This helps importers and exporters in tracking their goods in transit.
  • The project covers the entire movement of containers through rail or road till the Inland Container Depot and Container Freight Station.
  • The LDB is being implemented through a Special Purpose Vehicle called Delhi Mumbai Industrial Corridor Development Corporation Logistics Data Services Ltd. (DLDSL) — that is jointly (50:50) owned by the Delhi Mumbai Industrial Corridor (DMIC) Trust and Japanese IT services major NEC Corporation.
  • The LDB project was launched at the Jawaharlal Nehru Port, Mumbai on July 1, 2016.

Resource links:-
http://www.thehindu.com/business/Economy/logistics-data-bank-project-to-expand-to-south-india/article19452586.ece
http://shipping.nic.in/showfile.php?lid=2207