13 States, UTs amongst “achievers” in logistics efficiency index: DPIIT report

Commerce and Business Minister Piyush Goyal. File
| Picture Credit score: ANI

Andhra Pradesh, Karnataka, Tamil Nadu, Chandigarh, and Gujarat are among the many 13 States and Union Territories which have once more been categorised as “achievers” within the logistics index chart 2023, based on a report launched by the Commerce and Business Ministry on Dec. 16.

The index is an indicator of the effectivity of logistical companies vital for selling exports and financial development.

As towards 15 States and UTs, this yr the quantity has decreased to 13 as Himachal Pradesh and Uttarakhand have slipped into “aspirers” and “quick movers” classes, respectively, this yr.

Steps taken by Sikkim and Tripura have helped them transfer up the ladder to the “achievers” class from “quick movers” in 2022.

The opposite States and UTs within the “achievers” class are Delhi, Assam, Haryana, Punjab, Telangana, and Uttar Pradesh.

Kerala, Maharashtra, Madhya Pradesh, Rajasthan, Uttarakhand, Arunachal Pradesh, Nagaland, Andaman and Nicobar, Lakshadweep, and Puducherry have been categorised as “quick movers” within the report.

These within the “aspirers” class embrace Goa, Odisha, West Bengal, Bihar, Chhattisgarh, Himachal Pradesh, Jharkhand, Manipur, Meghalaya, Mizoram, Daman and Diu, Dadra and Nagar Haveli, Jammu and Kashmir, and Ladakh.

The report ranks States on the idea of their logistics ecosystem, highlights the important thing logistics-related challenges confronted by the stakeholders, and consists of suggestive suggestions, based on the fifth LEADS (Logistics Ease Throughout Completely different States) 2023 report unveiled by Commerce and Business Minister Piyush Goyal.

The index goals at enhancing give attention to enhancing logistics efficiency throughout States, which is important for enhancing the nation’s commerce and lowering transaction value.

Mr. Goyal mentioned the logistics sector will play a key function in taking the nation’s economic system to about $35 trillion by 2047.

Citing a report of the financial suppose tank NCAER, he mentioned the nation’s logistics value is estimated within the vary of seven.8% to eight.9%.

“Going ahead, the purpose to carry it right down to the 5-6% stage is definitely doable,” he mentioned, including that the federal government has taken a collection of measures akin to investing big quantities in infrastructure improvement to assist promote lower logistics prices.

He prompt the trade to give attention to expert manpower, enhanced participation of States, use of recent applied sciences like AI, blockchain, and knowledge analytics, and steps to scale back carbon footprint will additional assist in the expansion of the nation’s logistics sector.