Unified Logistics Interface Platform (ULIP)
According to NITI Aayog CEO Amitabh Kant, the logistics cost can be lowered down by leveraging the Unified Logistics Interface Platform (ULIP). The logistic cost is currently at 13-14% of GDP.
Highlights
- It can also be brought down by bringing all mode of transportation under single window by connecting all logistics stakeholders from ministries, enterprises and associations.
- ULIP will be a major game changer for Indian logistics landscape by assisting just-in-time inventory management, identification of cheaper logistic modes eliminating tedious documentation process, cargo movement monitoring, and improving international competitiveness.
- National Logistics Portal (NLP) is ready to be integrated with ULIP, in order to make the multi-modal logistics ecosystem more efficient.
Background
Prime Minister Narendra Modi had asked NITI Aayog, in May 2020, to develop technology driven solutions in priority sectors in order to address challenges for post Covid-19 scenario. ULIP was one among the seven projects conceptualised under the “technology commons initiative”.
Pilot run of Unified Logistics Interface Platform
Pilot run of the ULIP platform has already been started, by on boarding some start-ups to verify usability of this platform. It integrates and converges 24 systems, 78 APIs and 1454 fields across waterways, ports, shipping, civil aviation, railways, DGFT & customs and road transport & highways.
About Unified Logistics Interface Platform (ULIP)
ULIP is designed for enhancing efficiency and reducing the cost of logistics in India by creating a transparent, single window platform to provide real-time information to all stakeholders. It was emphasized that the solution should have visibility of multi-modal transport and all the existing systems should be integrated with the ULIP system to create a National Single Window Logistics Portal. ULIP will provide real-time monitoring of cargo movement and ensure confidentiality of data with end-to-end encryption. It will also provide for comprehensive reduction in logistic cost.
Components of ULIP Platform
There are three key components of ULIP platform:
- Integration with existing data sources of ministries
- Data exchange with private players
- Unified document reference in the supply chain
Month: Current Affairs - March, 2022
Category: Economy & Banking Current Affairs