MUMBAI: The Commerce Ministry has recently launched the new Logistics Ease Across Different States (LEADS) index developed to rank the States in terms of the Logistical support they provided to promote goods trade.
Mr. Adarsh Hegde, Joint Managing Director, Allcargo Logistics Ltd., hailed this move from the Commerce Ministry and commented:
“The Logistics Performance Index (LPI) by the Commerce Ministry is a welcome initiative. The index acts as an audit mechanism for all States to assess their logistics support capabilities and will serve as a guide for the Government to channelize its efforts to the right states thereby helping realize the ultimate aim of bringing Ease of Doing Business in India and reduce logistics cost. This will help logistics majors like us in formulating strategies to improve cost competitiveness of the sector and help create a definitive roadmap for improving the efficacies of Indian logistics on a global level.”
Commerce and Industry Minister Mr. Suresh Prabhu while launch said the logistics segment was a crucial yet weak part of India’s export chain.
“The Commerce Ministry is looking at logistics as a separate subject. We need to identify the cost of logistics. This includes the turnaround time at ports, cost of power and the time it takes for goods to reach their destination,” Prabhu said.