Home / Knowledge / News / Textiles / Govt to spend in a big way to create smooth logistics
Govt to spend in a big way to create smooth logistics
22
Sep '16
Nirmala Sitharaman addressing the inaugural session of the Invest North Summit, in New Delhi. Courtesy: PIB
Nirmala Sitharaman addressing the inaugural session of the Invest North Summit, in New Delhi. Courtesy: PIB
The government of India is focused to spend on infrastructure in a big way to create smooth logistics experience for industries, commerce and industry minister Nirmala Sitharaman has said. Nearly 12 states have satisfied 75 per cent of the conditions on ease of doing business, which is a welcome step where states are responding positively.

The interaction between industry and government is essential, Sitharaman said while addressing the inaugural session of the Invest North Summit. She said that regulatory quality will improve but not the frequency and intensity.

The two-day Invest North Summit will focus on investment climate in Northern States of India.

The recent Logistics Performance Index (LPI) released by the World Bank ranks India at the 35th position from amongst 160 countries, as against the LPI rank of 54 in 2014, a jump of 19 places. The LPI is an interactive benchmarking tool created to help countries identify the challenges and opportunities they face in trade logistics.

Among the six-components of the LPI report rankings, customs was ranked 38, infrastructure at 36, international shipments at 39, logistics quality and competence at 32, tracking and tracing at 33, and timeliness at 42.

The LPI is based on a worldwide survey of stakeholders on the ground providing feedback on the logistics friendliness of the countries in which they operate and those with which they trade. Feedback from such stakeholders is supplemented with quantitative data on the performance of key components of the logistics chain in the country of work.

Improvement in India's rank in LPI shows steady performance in India's competitiveness in manufacturing and trade, which also acts as one of the growth drivers of the 'Make in India' programme. (RKS)

Fibre2Fashion News Desk – India

Must ReadView All

Textiles | On 24th Sep 2016

GST Council sets exemption limit at Rs 20 lakh

The GST Council has decided to exempt businesses from the Goods and...

Apparel/Garments | On 24th Sep 2016

DGFT adds new service providers in EPCG scheme

Providing great relief to the job working units in garment clusters...

Apparel/Garments | On 24th Sep 2016

Niti Aayog kicks off Indian ecommerce policy review

A Niti Aayog committee set up for the purpose, held deliberations...

Interviews View All

Saket Garg
Garg Corporation

Abhishek Ganguly
Puma India

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
September 2016

September 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


Advanced Search