NICDC Logistics Data Services (NLDS), a joint venture between the Government of India, represented by the National Industrial Corridor Development and Implementation Trust, and NEC Corporation, a leader in the integration of IT and network technologies, on 17 May 2021 announced extension of its Logistics Data Bank (LDB) services at 9 major Special Economic Zones (SEZ) across India to improve last mile container visibility.

What

  1. Major SEZs include Visakhapatnam, SEEPZ Mumbai, Surat, MEPZ Chennai, Cochin, Kandla, Noida, Mangalore and Dahez SEZ.
  2. With container tracking services now live at these locations, exporters and importers will be able to get near real-time location information on container movement from ports to SEZs.
  3. The idea for NLDS' service extension was first proposed during NLDSL's Logistics Data Bank (LDB)'s Open House Session held in January last year.
  4. During the Session, stakeholders in the EXIM industry requested to install RFID readers at industrial zones, manufacturing hubs and SEZs, which would enable them to receive timely updates on last-mile cargo and improve supply chain efficiency.
  5. Subsequently, NLDS proposed to install RFID readers through various consultations and discussions with key stakeholders from industry and the Ministry of Commerce & Industry. NLDSL approached individual SEZs separately to conduct site surveys prior to the RFID system going live.

Flashback

  1. A special economic zone (SEZ) is an area in a country that is subject to different economic regulations than other regions within the same country.
  2. The economic regulations of special economic zones (SEZs) tend to be conducive to—and attract—foreign direct investment (FDI).
  3. Special economic zones (SEZs) are typically created in order to facilitate rapid economic growth by leveraging tax incentives to attract foreign investment and spark technological advancement.