Page 37 - ITLN May June 2023 Magazine

India jumps 6 places to 38 in global

logistics performance Index

he World Bank released The seventh edition of
Tits 2023 Logistics Connecting to Compete, the
Performance Index (LPI) Logistics Performance Index
report, a measure of (LPI) report comes after
countries’ ability to move three years of unprecedented
goods across borders with supply chain disruptions
speed and reliability and during the Covid-19
India ranked 38 up from 44 pandemic when delivery
in 2018, 35 in 2016, 54 in times soared. The LPI,
2014 and 46 in 2012. which covers 139 countries,
India also registered measures the ease of
3.4 LPI score which is a establishing reliable supply
median of six different chain connections and the
scores including, customs, structural factors that make
infrastructure, international it possible, such as the
shipments, logistics quality of logistics services,
competence & quality, The Index lists India in 2023. India maintained trade- and transport-
timelines and tracking among the top 13 lower- to be on the list for the last related infrastructure, and
& tracing. middle-income LPI scorers four rankings since 2012. border controls.

APM Terminals Pipavav to
Mahindra Logistics FY23

revenue up 24% set up new liquid berth

PM Terminal Pipavav, one Girish Aggarwal, Managing
ahindra Logistics reported a 24 percent Aof the leading gateway Director, APM Terminals
Mincrease in consolidated revenue at ₹5,128 ports located in western India, Pipavav says: “This investment
crore ($625 million) for the financial year ended will set up a new liquid berth strengthens our commitment
March 31, 2023, on 15 percent YoY growth in 3PL at the port at an investment of to provide world-class
supply chain services. While EBITDA increased around $90 million. facilities and services to our
to ₹276 crore ($34 million), net profit was up to Currently, the port has customers. This expansion
₹25 crore ($3 million), says an official release. the capacity to handle two is expected to have a positive
"Freight forwarding business revenues million tonnes of liquid bulk. impact on the economy of the
were impacted by the downward correction in With the new berth, the liquid state of Gujarat by boosting
freight rates. Despite the impact of the pricing, bulk handling capacity of trade and commerce. It is
underlying volume growth was positive in the port will increase to 5.2 also a clear demonstration
ocean exports and air imports. The mobility million tonnes. of our unwavering dedication
business continues to see a strong uptick to enhancing the logistics
in airport-based services driven by higher infrastructure of our
travel and a moderate pick-up in employee country and supporting the
transportation management. Prime Minister’s vision
of reducing the cost of
logistics in the country.

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www.itln.in May - June 2023