Logistics Current Affairs

IAF launches Speedex Contract

Indian Airforce has formally launched The Stores, Proactive, Efficient and Expeditious Despatch of Extra Size/ Wt Consignment (SPEEDEX) contract. It was concluded in June 2018 between with Balmer Lawrie & Co Ltd and Ashok Travel and Tours for air and surface component respectively.

SPEEDEX contract

The contract aims to overcome delay in piecemeal dispatch of consignment and to move operationally urgent stores by air and normal consignments by surface mode. This will facilitate door to door pickup and delivery facility with fixed timelines, lesser than speed post. It will help to enhance IAF’s support maintenance activities and improve operational preparedness.

Background

The ability to lift, shift and move is essence of sound transportation management. It has profound impact on all principles of military logistics. In the past, IAF had been using hired transport for movement of cargo to various IAF bases, which resulted in delay in dispatch of critically required stores. Therefore, overcome this delay and reduce time taken for transportation of items and ensure early availability of stores to the field units this contract was formulated.

Month: Categories: Defence Current Affairs 2018

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Department of Commerce and CII ink MoU for development of Logistics sector

The Department of Commerce has signed MoU with Confederation of Indian Industry (CII) for setting-up institutional mechanism for the development of Logistics sector in the country.

Both will work together for taking logistics sector to global levels both in terms of efficiency and cost. They will follow Commerce Ministry’s roadmap for modernizing logistics sector and bring it at par with the global best.

Road map

The road map aims to foster focused engagement with the industry and collaborate with the concerned agencies including state Government’s and other related agencies. It will also undertake mutually agreed focused studies on logistics and promote Government’s policies on logistics

Background

The Union Government has decided to reduce Logistics cost in country from the present 14% of GDP to less than 10% by 2022. For this purpose, a concerted effort in collaboration with Central Ministries as well as State Governments has been initiated for simplifying the regulatory processes in both domestic and EXIM (export-import) logistics. Government also has granted infrastructure status to number of logistics activities, which will enable them to avail cheaper and long term commercial loans.

Month: Categories: Business & Economy Current Affairs 2018

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