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Home Technology

Govt launches platform to crowdsource ideas for logistics industry

Fiinews by Fiinews
December 19, 2021
in Technology
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Hackathon open for all and seeks strategic, coding and domain skills

The Department for Promotion of Industry and Internal Trade (DPIIT) has launched the Unified Logistics Interface Platform’s (ULIP) Hackathon, ‘LogiXtics’, in order to crowdsource more ideas which will benefit the logistics industry.

ULIP is designed to enhance efficiency and reduce logistics cost in India by creating a transparent platform that can provide real time information to all stakeholders and remove all asymmetry information.

The LogiXtics is organised by NITI Aayog and Atal Innovation Mission and supported by National Industrial Corridor Development Corporation (NICDC) and NICDC Logistics Data Bank Services Limited (NLDSL).

“Today is a very important day for us because we are trying to solve the biggest problem of logistics in India. The cost of logistics in the India is about 14% which is higher than other countries in the world. ULIP’s objective has been to work with top Indian technology organizations from the private sector and identify solutions to reduce logistics cost,” NITI Aayog CEO Amitabh Kant said at the launch of the Hackathon at a virtual event on 16 Dec 2021.

NICDC was mandated by NITI Aayog in January 2021 to develop ULIP by leveraging the Logistics Data Bank Project.

NITI Aayog was entrusted by the Prime Minister Narendra Modi in May 2020 with the task of exploring the role of technology in various sectors. ULIP was conceptualised as one of the technology platforms in the logistics sector.

ULIP is being developed as technology platform in the logistics sector which will provide real time information to all stakeholders and will converge visibility of multi-modal transport across the existing systems of various Ministries/Departments working in silos. Once completed, one can see huge efficiencies in the logistics sector, and which will transform it by bringing down the logistics cost and enhancing India’s competitiveness in the global trade.

With the addressed challenges in the logistics sector, a competitive event like LogiXtics under the umbrella of ULIP, invites everyone to showcase their strategic, coding and domain skills on a national-level platform to solve the existing logistics industry issues. The Hackathon is very important to achieve the vision of the ULIP platform.

“ULIP is also in line with the overall objective of PM GatiShakti which aims at breaking of individual silos, promote integration among various Ministries/Departments and promote real single window,” added Amrit Lal Meena, Special Secretary, Department of Logistics and CEO & MD, NICDC.

“It will bring more transparency and visibility to the whole trade making India logistically more efficient and competitive,” said Meena.

The real usability of ULIP will further get enhanced through this Hackathon as it aims to crowdsource more ideas which will benefit the logistics industry.

NICDC Vice President Abhishek Chaudhary informed that the hackathon aims to promote the Startup community, individuals or anyone with the strategic skills and domain knowledge of the sector.

The hackathon is open for all and is divided into two stages, ideation stage and prototype stage.

The Logistics sector is the backbone of economic growth in India and is one of the most important accelerators of trade, which is also critical for fulfilling the objective of Aatma Nirbhar Bharat, said the Ministry of Commerce and Industry in a release on 17 Dec 2021, announcing the launch of ‘LogiXtics’. fiinews.com

Tags: Ministry of Commerce and IndustryNiti Aayog
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