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NEC and DMIC form joint venture company

Adrian M. Reodique | April 28, 2016
NEC and DMIC Trust will each hold 50 percent of the DMICDC Logistic Data Services Limited’s total capital of approximately 80 million Indian Rupees (INR).

NEC Corporation and DMIC Trust have established a joint venture company to provide logistics visualisation services in India.

NEC and DMIC Trust will each hold 50 percent of the DMICDC Logistic Data Services Limited's-- the joint venture company-- total capital of approximately 80 million Indian Rupees (INR).

The DMICDC Logistic Data Services Limited will provide shippers and transport operators with logistic visualisation services which will enable them to do real-time searches based on accurate positional information showing the location of container transported by rail or road between Delhi and Mumbai.

"Development of logistics infrastructure in India is struggling to keep pace with the country's rapid economic growth, causing issues such as longer shipping lead times and delays, and difficulties checking progress with goods in transit," said Hiroshi Hashimoto, general manager of Transportation and Logistics Solutions Division in NEC Corporation. "We are aiming to establish advanced logistics infrastructure in India through this new company, in order to contribute to the country's economic development and to the Indian government's key economic policy 'Make in India'," added Hashimoto.

As such, the new company will affix RFID tags to shipping containers that are being loaded and unloaded at ports in Mumbai. It will also install RFID readers/writers at port entrances and exits, toll plazas on the expressway between Delhi and Mumbai, and inland container depots where custom inspections are carried out and cargo reloaded.

The positional information obtained by RFID readers/writers will then be gathered in real-time using a cloud-based logistics visualisation system. Meanwhile, there are plans to connect the logistics visualisation system with rail transit management systems, port management systems and other existing systems to gather information such as freight train running times and container management status at the port.

"This project will enable quicker decision making that improves  competitiveness of logistics and manufacturing industries in India, and also will provide better governance and complete transparent and visible management for performance evaluation of ports, inland container depots and truckers," said Alkesh Sharma, CEO and Managing Director of Delhi Mumbai Industrial Corridor Development Corporation Limited and CEO of DMIC Trust.

The new company will also leverage the Logistics Visualisation System from NEC to develop and operate the necessary platforms to provide the logistics visualisation services.

 

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