India wants the World Bank to take into account several measures taken by the government at logistics front such as PM GatiShakti initiative while determining the logistics ranking of countries, Special Secretary in the Department for Promotion of Industry and Internal Trade (DPIIT) Sumita Dawra said today.
At present, the World Bank considers six parameters to measure performance of countries and that include customs, infrastructure, international shipments, logistics competence, tracking and tracing, and timelines.
“We feel this is a very narrow way of ranking India on an important global indices and there is lot of work going on and that should be reflected in the calculations,” She told reporters here.
India was ranked 44th on the index in 2018 and has now climbed to 38th in the 2023 listing. The country’s performance has drastically improved from 2014, when it was ranked 54th on the LPI. The DPIIT is also in talks with World Bank as well as International Monetary Fund to change the methodology while calculating the ranking under LPI.
“At the moment, the world bank’s LPI is based on a very subjective analysis. We are trying to bring in objectivity by impressing upon World Bank how we are using technology to improve logistics in the country by way of Unified Logistics Integration Platform (ULIP),” Dawra said.
Unified Logistics Interface Platform (ULIP), launched in September 2022, is part of the ‘National Logistics Policy (NLP)’. It is an initiative in the logistics sector, which aims to bring ease of doing business in the logistics sector by simplifying the logistics processes, improving its efficiency, bringing in transparency and visibility, and reducing logistics cost & time.
“We have analysed the parameters and the way it is done. We would like the World Bank to include our interventions and reforms which are contributing to improve logistics in India,” Dawra said.