The new company will utilize NEC's "Logistics Visualization System" to develop and operate the necessary platforms to provide the logistics visualization services.
"This project will enable quicker decision making that improves competitiveness of logistics and manufacturing industries in India, and also will provide better governance and complete transparent and visible management for performance evaluation of ports, inland container depots and truckers," said Alkesh Sharma, Chief Executive Officer and Managing Director, DMICDC ( *) and Chief Executive Officer, DMIC Trust. "We are aiming to establish advanced logistics infrastructure in India through this new company, in order to contribute to the country's economic development and to the Indian government's key economic policy ‘Make in India'." "Development of logistics infrastructure in India is struggling to keep pace with the country's rapid economic growth, causing issues such as longer shipping lead times and delays, and difficulties checking progress with goods in transit," said Hiroshi Hashimoto, General Manager, Transportation and Logistics Solutions Division, NEC Corporation. There are plans to link up the logistics visualization system with rail transit management systems, port management systems and other existing systems in the future, in order to gather information such as freight train running times and container management status at the port. Positional information obtained by RFID reader/writers will then be gathered in real time via a cloud-based logistics visualization system.
VENTURE LOGISTICS INDIA INSTALL
It will also install RFID reader/writers at locations such as port entrances and exits, toll plazas on the expressway between Delhi and Mumbai, and inland container depots where customs inspections are carried out and cargo reloaded.
To provide these services, the new company will affix RFID tags to shipping containers being loaded and unloaded at ports in Mumbai. This will make significant contributions to shortening shipping lead times, reducing inventory levels and improving the accuracy of production plans. The new company will provide shippers and transport operators with logistics visualization services, enabling them to perform real-time searches based on accurate positional information, showing the location of containers being transported by rail or road between Delhi and Mumbai. Since 2010, the Japanese Ministry of Economy, Trade and Industry (METI) has played a key role in helping NEC and DMIC Trust to establish this new company. This is the first commercial project to originate from the Smart Community initiatives of the Delhi Mumbai Industrial Corridor, which is being promoted jointly by the Indian and Japanese governments. NEC and DMIC Trust will each hold 50% of the joint venture's total capital of approximately 80 million Indian Rupees (INR). It caters to around 25 percent of the group’s logistics need and earns up to 65 per cent revenues from group companies.Tokyo, Japan - ApNEC Corporation (NEC TSE: 6701) and the DMIC Trust have established a joint venture company, DMICDC Logistics Data Services Limited, for providing logistics visualization services in India. Reliance Logistics is also in talks with automobile giants for providing integrated logistic services. Reliance Logistics, India’s largest service provider, has a turnover of Rs 1,730 crore, moves about 15 million metric tonnes of cargo per annum and has fleet of more than 400 trucks and tankers, the release said. Today, it has a network of 57 container terminals all across the country.Īpart from terminal handling and inland transportation of containers by rail and road, the company has also expanded to cover management of ports, air cargo complexes and establishing cold chains. Logistics contributes about 12-13 per cent of the country’s gross domestic product.Ĭoncor was established in 1989 after it took over seven container terminals from the Indian Railways. India already has 15 players in the logistics sector and the business is expected to grow at over 15 per cent in the next decade. Infinite Logistics will provide customised and standard contanerised transportation by road and rail and distribution-related ancillary services.Īccording to the release, the expected customer base will include manufacturers, traders and retailers from different industries across the country.
The joint venture company will provide end to end inter-modal logistics solutions to its customers.
Reliance Logistics Pvt Ltd, a subsidiary of Reliance Industries Ltd, on Monday entered into a 51:49 joint venture with state-owned Container Corporation of India (CONCOR) Ltd to form a joint venture company, Infinite Logistics Ltd, a company release said.
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