Technology is the need of hour to Revolutionize Logistics & Transportation Industry

No.PR-192 August 4, 2020 New Delhi Technology is the need of hour to Revolutionize Logistics & Transportation Industry Mr. Mansukh Mandaviya, Hon'ble Minister of State (Independent Charge) of the Ministry of Shipping and Minister of State in the Ministry of Chemicals and Fertilizers, Govt. of India mentioned that logistics has a great impact on economy and businesses for which we need to lower the cost of logistics, in the webinar organized by PHD Chamber of Commerce and Industry on 'Creating Multi modal Transport Network Using Big Data', here today. We need to use big data and, for the same, we have launched PCS 1x System that will help to identify to make mega data and attain the vision for common infrastructure. We need to make a model for India, looking at the current situation of the country, its vision, and its mission. With all forms of transportation coming together and with better planning and execution we are sure to attain PM Modi Ji's vision to become self-reliant, said Mr. Mansukh Mandaviya. The Hon'ble Minister while deliberating on the recent projects undertaken by the Government of connecting the Indian states in a Multi-modal way, stressed upon the need for Ground Zero Implementation. Ms. H K Joshi, Chairperson & Managing Director, Shipping Corporation of India (SCI), Government of India in her deliberation mentioned that to achieve the propagated message of our Hon'ble Prime Minister of building a self-reliant India, we need a robust & competitive multi-modal logistics sector. It will go a long way in boosting India's quest for achieving its aspiration for a prosperous economy. We need to unlock the potential of this sector ,that can fuel economic growth & development, by building a more robust system; enabling different modes of transportation to seamlessly transfer cargo; ensure that freight is channeled through the most effective network making it faster, safer, cost-effective and energy efficient, said Ms. H K Joshi. Ms. H K Joshi highlighted that infrastructure development has always been a pivotal area for driving economic development of the nation. Talking about the challenges in the infrastructure, she mentioned that we need to reduce the logistics cost, which will increase the competitiveness in the manufacturing sector, making Indian products more competitive in the international market. Taking about technology and big data, she talked about the inter-connectivity of logistics with technology that will help to revolutionize this industry. It has the potential to have far-reaching payoffs for a leaner and smarter logistics by ensuring a smoother interface for multimodal logistics stakeholders with seamless delivery. The focus needs to be on Big Data which is possible with process, planning, and better coordination. By doing this, we can achieve the dream of Digital India; at the same time stimulate growth and employment in the economy, added Ms Joshi. There needs to be a shift from road transportation to use Big data for analyzing data, integrate technology, and do proper planning and then execution, said Ms. H K Joshi. Dr. D K Aggarwal, President, PHD Chamber of Commerce and Industry in his presidential remarks mentioned that keeping in line with the new logistics policy; we need to implement a Multimodal Transport Network that can change the landscape of logistics in the country. Putting data and statistics about logistics performance, cost of shipping, and motorways, he highlighted that our use of waterways is very negligible as compared to international countries. While our Hon'ble Prime Minister has given a call for Self Reliant India, we also need to ensure that the cost of doing business needs to be lowered down for being competitive internationally. We have to strengthen our local supply chain, amplify our local manufacturing system, integrate our supply chain with the global supply chain, and promote domestic manufacturing by becoming vocal for local, added Dr Aggarwal. India has strength in digital technology and we need to integrate this with the Multimodal Transport Network by identifying the location of logistics parks. We can become one of the logistics power in the world, said Dr Aggarwal. Mr. Sanjay Aggarwal, Senior Vice President, PHD Chamber while delivering a formal vote of thanks to the esteemed speakers, delegates and participants, mentioned that PHD Chamber of Commerce and Industry will stand in full support with the efforts of the government and will always submit their effective representations to the government for the development of the nation. Mr. Ashish Wig, Chair, Infrastructure Development Committee, PHD Chamber while sharing his industry perspective, discussion the challenges and opportunities for the industry mentioned that engine-less trains and metro can combine big data, aiding India achieve new heights. Dr. Ranjeet Mehta, Principal Director, PHD Chamber while moderating the session deliberated about the need to create a multimodal transport system due to the high logistics cost and making it competitive in line with international norms. Ends Media Division PHD Chamber of Commerce and Industry