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


Interviews View All

Software Firms, Head honchos

Software Firms
Head honchos

AI / robotics may challenge existing long value chains

Top executives, Textile industry

Top executives
Textile industry

Defining MSMEs on the basis of turnover makes it simpler to do business

Neel Sawhney, One Friday

Neel Sawhney
One Friday

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

Farheen B Rahman & Priti Jain,

Farheen B Rahman & Priti Jain

Founded by business-designer duo <b>Priti Jain and Farheen Rahman</b>,...

Rushiraj Mulani,

Rushiraj Mulani

The Shradhdha Group of companies was established in 2010 and is based out...

Awanda Booth,

Awanda Booth

Held every year in New York City, Surtex is a global business-to-business...

Andreas Lukas, Andritz Nonwoven

Andreas Lukas
Andritz Nonwoven

With forces in engineering and process development, Andritz Nonwoven...

Marcel Alberts, Eurofibers

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Suresh Patel, Sidwin Fabric

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Amiben Shroff, Shrujan

Amiben Shroff
Shrujan

From its modest beginning in the late 1960s, Shrujan has grown into a...

Rajesh Pratap Singh, Rajesh Pratap Singh

Rajesh Pratap Singh
Rajesh Pratap Singh

<div>Ace fashion designer <b>Rajesh Pratap Singh</b> has used Tencel to...

Aprajita Toor, Aprajita Toor

Aprajita Toor
Aprajita Toor

The creations by Aprajita Toor were born out of a deep desire to create...

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

Leave your Comments


November 2019

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

Follow us on instagram

Follow

Follow Fibre2Fashion On


Advanced Search