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. The Unified Logistics Interface Platform (ULIP) Hackathon – LogiXtics is being organised by NITI Aayog and Atal Innovation Mission.
About the ‘LogiXtics’:
- It is supported by National Industrial Corridor Development Corporation (NICDC) and NICDC Logistics Data Bank Services Limited (NLDSL).
- ULIP has been designed to enhance efficiency and reduce logistics costs in India by creating a transparent platform that can provide real-time information to all stakeholders.
- The cost of logistics in India is about 14% which is higher than in other countries in the world. National Industrial Corridor Development Corporation (NICDC) was mandated by NITI Aayog in January 2021 to develop ULIP.