India jumps 19 places in World Bank’s Logistics Performance Index

It is good news for India!

The World Bank has recently released a Logistics Performance Index (LPI) 2016 report titled “Connecting to Complete 2016”. The Logistics Performance Index Report is published by World Bank every two years. India has now been ranked 35 amongst 160 countries compared to rank of 54 in LPI 2014. This is a jump of 19 places. Further, in terms of the six-components of the LPI i.e. Customs, Infrastructure, International Shipments, Logistics Quality and Competence, Tracking and Tracing, and Timeliness, India’s ranking is 38, 36, 39, 32, 33 and 42 respectively.

The LPI is an interactive benchmarking tool created to help countries identify the challenges and opportunities they face in their performance on trade logistics and what they can do to improve their performance.

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. They combine in-depth knowledge of the countries in which they operate with informed qualitative assessments of other countries where they trade and have experience of global logistics environment. 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 Logistics Performance Index adequately establishes steady performance in our competitiveness in manufacturing and trade that also acts as one of the growth driver of Make in India Programme.

India and her Smart Cities

The process of Smart City challenge has become a role model for other schemes, M. Venkaiah Naidu said.

A US delegation led by Leocadia I. Zak, Director, U.S. Trade and Development Agency (USTDA) called on Union Minister for Urban Development M. Venkaiah Naidu here today. The discussion was centred on the three Smart Cities of India, i.e., Visakhapatnam, Ajmer and Allahabad with which MoUs has been signed between the respective State Governments and USTDA.

U.S. Trade and Development Agency (USTDA),  Leocadia I. Zak, Union Minister for Urban Development, Housing & Urban Poverty Alleviation and Information & Broadcasting,  M. Venkaiah Naidu, Logistics Performance Index, LPI, India, Connecting to Complete 2016

M. Venkaiah Naidu informed that the Reverse Trade Mission (strategically planned visits of foreign decision-makers to the United States to observe the design, manufacture and operation of U.S. products and services that can help them achieve their development goals) for Ajmer and Allahabad and the training of Mayors and CEOs of Smart Cities in the USA has to be finalised. The Minister said that the Government of India has adopted a proactive approach to move forward on the Smart Cities Mission. He said that the process of Smart City challenge is very scientific, transparent and participative and has become a role model for other schemes.

M. Venkaiah Naidu said that resources must not be a constraint for the Smart Cities Mission in India, but emphasised upon the participation of people in the development of the Smart Cities. He said that, in Indore, approximately 6.5 lakh people have given suggestions for the improvement of the city.

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