Logistics Index For States

Why in News?

The government is working on creating a logistics index that would score States on their performance in the sector.

 

FACTS FOR PRELIMS

Steps  taken by the Govt

The government is working on creating a logistics index that would score States on their performance in the sector; The multi-modal transport issue is now being addressed by the new logistics division under the Commerce Ministry It is the first time that logistics as a subject is being dealt with at the level of the Government of India.

Logistics sector was also granted infrastructure status recently.

Logistics Ease Across Different States (LEAD)

i) It is released by Ministry of commerce and industry; loosely based on the World Bank’s biannual Logistics Performance Index (LPI), on which India was ranked 35 among 160 countries in 2016, up from 54 in 2014.

ii)It is a composite index based on eight parameters such as infrastructure, services, timeliness, track and trace, competitiveness of pricing, the safety of cargo, operating environment and regulatory process.

iii)It aims to serve as an indicator of the efficiency of logistical services necessary for promoting investment, exports and economic growth in general.

iv)Gujarat has topped in the newly released logistics index (LEADS) by Ministry of commerce and industry, followed by Punjab & Andhra Pradesh.

 

Source-The Hindu.