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

US merchandise trade with India, 2012–16; Courtesy: USITC

Textiles | On 27th Jul 2017

India becomes US’ 9th largest trading partner in 2016

In 2016, India became the United States’ 9th-largest single-country...

Textiles | On 27th Jul 2017

GST will lead to further increase of MMF prices

The Goods & Services Tax (GST) rolled out on July 1, 2017 is not...

Textiles | On 27th Jul 2017

Global yarn production improved 30% q-o-q in Q1: ITMF

In the first quarter of 2017, global yarn production rose by almost...

Interviews View All

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli
Epson, For.Tex & F.lli Robustelli

‘The percentage share of printing in the global textile market is pretty...

Nitin Bhatia
Trend Arrest

Setting up a brand for online selling is easy, but running the brand is not

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Eamonn Tighe
Nature Works LLC

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

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

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

July 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X