The Department for Promotion of Industry and Internal Trade (DPIIT) has launched the Unified Logistics Interface Platform’s (ULIP) Hackathon’ LogiXtics’ to crowdsource more ideas that will benefit the logistics industry.
ULIP is designed to enhance efficiency and reduce logistics costs in India by creating a transparent platform that can provide real-time information to all stakeholders and remove all asymmetry information.
The ULIP Hackathon ‘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 India is about 14 per cent which is higher than other countries in the world. ULIP’s objective has been to work with top Indian technology organisations from the private sector and identify solutions to reduce logistics cost,” said Amitabh Kant after launching the Hackathon at a virtual event.
ULIP is being developed as a technology platform in the logistics sector that will provide real-time information to all stakeholders and 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, which will transform it by bringing down the logistics cost and enhancing India’s competitiveness in the global trade,” the Ministry of Commerce and Industry said.
“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,” it added.