Ease of doing business Current Affairs

Odisha Government creating land bank for industrial allocation

The Odisha Government is creating 1.2 lakh acre land bank across state for allocation to industrial sector in order to avoid repeat of Posco fiasco.

The purpose of the land bank is to cut red tape and avoid local issues in the land acquisition process. Under it, state government is acquiring government land for industrial use.

Key Facts

The land bank is based on plug-and-play kind of model wherein facilities related to water, power, roads and all clearances are in place. The companies need to only make payment of base premium upfront for land and annual rent for rest of the 90 years lease period.

State government has created huge land bank and has identified areas across state to bring under one umbrella for industrial sector. Its land bank already has reached 57,655 acres. With creation of land bank, state industry department is looking for investment in various sectors including steel, aluminium, agro and food processing units, apparel, IT and plastic units to further create employment potential in the state.

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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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