Key Points
India Inc will soon be able to track live movement of its cargo across all transportation modes-land, rail, sea and air-through a single app...
"A track and trace app is being developed wherein we will be able to track the movement of trucks, trains and air couriers..
It would track and trace consignments based on their specific tracking code and measure the reliability of truck movement, and aid real time vehicle visibility..
The higher visibility due to tracking reduces the lead time for overall import-export cycle, lower inventory carrying costs and empty container management...
The efforts are part of India's plan to bring down the logistics costs to 5-6% of the country's gross domestic product, which were 7.8-8.9% in FY22, according to estimates of economic think-tank National Council of Applied Economic Research..
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