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Government to expand Logistics Data Bank project to South India  

The Union Ministry of Shipping is planning to expand Logistics Data Bank (LDB) project to the country’s southern region. So far, it had covered only the western logistics corridor.

The LDB project was launched at the Jawaharlal Nehru Port (JNPT), Mumbai in July 2016, making it first port in India to provide this service. Later its operations were expanded to the container terminals at Adani Port Special Economic Zone (APSEZ), Mundra and Adani Hazira Port — both in Gujarat.

About Logistics Data Bank (LDB) project

The LDB project was unveiled in July 2016 to make India’s logistics sector more efficient through the use of Information Technology. Under this project, every container in the port facility is attached to a Radio Frequency Identification Tag (RFID) tag and then tracked through RFID readers.

It is being implemented through a Special Purpose Vehicle (SPV) called Delhi Mumbai Industrial Corridor Development Corporation Logistics Data Services Ltd. (DLDSL). DLDSL is jointly (50:50) owned by the Delhi Mumbai Industrial Corridor (DMIC) Trust and Japanese IT services major NEC Corporation.

The LDB project covers the entire movement of containers through rail or road till the Inland Container Depot and Container Freight Station. Its service integrates information available with the agencies across the supply chain to provide detailed, real-time information within a single window.

Significance of project

It has helped to cut the overall lead time of container movement as well as reduced transaction costs that consignees and shippers incur. It also has aided importers and exporters in tracking their goods in transit. It is billed as a major ‘ease of doing business’ initiative aimed at boosting India’s foreign trade and ensuring greater transparency.

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Cristiano Ronaldo wins 2016 FIFA Ballon d’Or Award

Real Madrid forward Cristiano Ronaldo (31) from Portugal has won the prestigious 2016 FIFA Ballon d’Or Award.

He has earned this title of world’s best football player for fourth time. Earlier he had won the Ballon d’Or in 2008, 2013 and 2014.

In this year’s competition, Barcelona’s Lionel Messi (Argentina) finished second and Atletico Madrid’s Antoine Griezmann (France) third in the vote.

About FIFA Ballon d’Or Award

  • FIFA Ballon d’Or Award is annual football association award given by FIFA to the male player who has performed the best in previous calendar year.
  • It was instituted in 2010 after France Football’s Ballon d’Or and the men’s FIFA World Player of the Year award were merged.
  • It is awarded to male player, based upon highest votes secured by him from national team coaches and captains, as well as journalists from around world.

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