Recently, the Department for Promotion of Industry and Internal Trade (DPIIT) held a Logistics Data Bank Project (LDB) Meeting to review the measures taken by Port Authorities to improve port performance.
About Logistics Data Bank Project:
- This project was launched on 2016 at the Jawaharlal Nehru Port, Mumbai.
- Objectives: The project launched to make India’s logistics sector more efficient through the use of Information Technology.
- Implementing Agency: It 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.
- Key features:
- Every container is attached to a Radio Frequency Identification Tag (RFID) tag and then tracked through RFID readers - aids importers and exporters in tracking their goods in transit.
- This has, in turn, cut the overall lead time of container movement as well as reduced transaction costs that consignees and shippers incur.
- The project covers “the entire movement (of containers) through rail or road till the Inland Container Depot and Container Freight Station.
- The service integrates information available with the agencies across the supply chain to provide detailed, real-time information within a single window.
- It is billed as a major ‘ease of doing business’ initiative aimed at boosting India’s foreign trade and ensuring greater transparency.
- Nodal Ministry: Ministry of Commerce and Industry.
Q1) What is RFID?
RFID stands for Radio Frequency Identification. It is a technology that uses radio waves to identify and track objects or individuals automatically. RFID systems consist of three main components: RFID tags, RFID readers, and a backend database or system for processing and storing data.