Government is gearing up to enhance its Logistics Performance Index (LPI), with plans to brief the World Bank about recent reforms and measures taken to improve logistics efficiency. These efforts include initiative like PM Gati Shakti, which is designed to improve the overall logistics landscape.
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The government is actively working to improve its LPI. Their strategy involves briefing the World Bank about the recent reforms and measures taken to enhance logistics efficiency. This includes initiative such as PM Gati Shakti, which has been implemented to bring about positive changes in the logistics sector.
Sumita Dawra, the Special Secretary in the Department for Promotion of Industry and Internal Trade (DPIIT), highlighted the importance of implementing an objective methodology for scoring the LPI. She noted that the current methodology employed by the World Bank relies on perception surveys, indicating the need for a more data-driven and objective approach in evaluating logistics performance.
India has set a target to ascend to the top 25 countries in the index ranking by 2030. Presently, in the 2023 Logistics Performance Index (LPI), India holds the 38th position among 139 countries.
Sumita Dawra, from the DPIIT, stated that officials from her department are actively maintaining ongoing discussions with World Bank representatives regarding the necessity of implementing an objective methodology. The World Bank employs six key parameters to assess a country’s performance in customs, infrastructure, international shipments, logistics competence, tracking and tracing, as well as timelines. These discussions aim to improve India’s standing in the LPI rankings.
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