Page 10 - MUMBAI - 12 APRIL 2024

10 EXIM newsletter Mumbai, Friday, April 12, 2024
INDIA
LP Logiscience sets the stage

From page 3 infrastructure to deliver comprehensive Chennai, Nagpur, Mumbai (Bhiwandi)
name in warehousing and third-party solutions tailored to the unique needs and Ahmedabad. LP Logiscience’s un-
logistics (3PL) services, had a success- of its Indian and international clients. wavering commitment to expansion,
ful 2023 with expansion in Tier 2 mar- Speaking about the expansion plans, coupled with its reputation for excellence
kets and growth in its service portfo- Mr Varun Gada, Director, LP Logi- in warehousing and 3PL services, under-
lio. In line with its strategic vision, in science, said, “Our ongoing expan- scores its position as a frontrunner in the
2024, LP Logiscience is forging ahead sion underscores our commitment logistics industry. As LP Logiscience con-
with geographic expansion into Tier 2 to meeting the escalating demands tinues to contribute to India’s thriving
cities and new territories while inten- of our domestic and international warehousing sector, it remains dedicated
sifying its presence in existing markets clients. We are focused on not only to transforming the logistics industry,
such as Indore and Nagpur. This stra- delivering seamless operations but setting new standards and driving posi-
tegic approach not only broadens LP also upscaling our solutions to meet tive change in the world of warehousing
Logiscience’s reach but also strength- the global standards in sustainabil- and logistics, emphasised a communique.
ens its foothold in emerging markets, ity and smart tech-enabled process- About LP Logiscience –
positioning the company as a formi- es that will further help us drive a Liladhar Pasoo company
dable player in the logistics landscape. growth and achieve our business LP Logiscience has been driving the
According to a recent report, the In- goals. The Indian logistics and 3PL transformation of the warehousing sec-
dian warehousing market is expected to sector has recently witnessed some tor in India since its inception a decade
grow at a CAGR of 15.64% during the milestone policies that are playing ago. Apart from its scientific approach
2022-2027 period. It witnessed significant a crucial role in accelerating the to specialised storage and warehouse
growth and transformation in H1 2023, growth of the sector and we at LP management, LP Logiscience is also
marked by a 35% YoY increase in total Logiscience aim to leverage that one of the leading Indian players to
space take-up, reaching an impressive and do our bit in national vision of adopt smart tech-enabled operations
19.1 million sq. ft. The 3PL (Third-Party becoming a global hub for logistics. and focus on building carbon neutral/
Logistics) players continued to be the With a clear focus on efficiency, re- sustainable warehouses in India.
driving force, contributing to about 43% liability and innovation, we at LP Liladhar Pasoo, its parent legacy
of leasing activity, YoY. With the govern- Logiscience continue to meet new brand, has shaped the logistics sector
ment focus on positioning India as a global standards for excellence in ware- since its inception in 1919, and since then
manufacturing and logistics hub, several housing and logistics services, driv- emerged as India’s most experienced in-
polices have been recently implemented, ing growth and success for busi- tegrated logistics and supply chain solu-
including access to FDI, push for digital nesses across various industries.” tions provider. Following in its footsteps,
enablement, implementing standardised LP Logiscience, a division of the Li- LP Logiscience has grown its warehousing
warehousing practices, prioritising green ladhar Pasoo Group, has steadily evolved and transportation business to 3 million
logistics initiatives, investing in capac- since its establishment a decade ago, sq. ft. of storage space and a reach of 7,000
ity building and skilling, and facilitating growing at an impressive rate of 20%- distribution pin codes PAN India within
seamless inter-modal freight transporta- 25% year-over-year. With a robust busi- 11 years of inception. Today, LP Logi-
tion. In line with this, the sector is poised ness model supported by advanced tech- science has brought about revolutionary
to leverage the estimated $10 billion USD nology, LP Logiscience offers customised changes in the contract logistics business
investments in the warehousing and lo- and flexible warehousing solutions. The to gain one of the highest market shares
gistics sector, collectively driving trans- company is also committed to introduc- in the warehousing business to service the
formative changes and promising growth ing sustainable practices for energy and niche specialty chemical market.
within India’s logistics industry. resource optimisation, including plans As the company continues to chart
Leveraging this productive business for an electric vehicle fleet for distribu- new territories and innovate to meet
environment, as a warehousing and 3PL tion. In the past two years, the compa- evolving market demands, LP Lo-
service provider, LP Logiscience aims to ny registered growth across some of its giscience is poised for even greater
utilise its expertise and cutting-edge key warehouses in Delhi NCR, Indore, achievements in the years to come.
WCO publishes Handbook on Performance Measurement

Exim News Service for Customs administrations checklist for evaluating perfor-
BRUSSELS, April 11 mance measurement systems
THE WCO has published practices and experiences to to enhance Members’ perfor- and highlights lessons learned
a “Handbook on Performance provide an invaluable roadmap mance measurement capacity and pitfalls in the implementa-
Measurement” to address for creating robust performance and foster a culture of perfor- tion of national performance
the need for a comprehensive measurement frameworks. mance measurement within measurement systems.
guide for evaluating perfor- By offering foundational in- Customs administrations. Additionally, the Hand-
mance, specifically tailored sights to strengthen national The Handbook examines a book includes comprehensive
for Customs administrations. performance measurement wide range of topics related to or- glossaries of KPI typologies,
In an era of escalating com- systems and showcasing ex- ganisational performance mea- terms and common definitions
plexity in international trade, amples of Members’ practices, surement, looking at issues such for performance-related con-
the imperative to adapt, im- the Handbook complements as dysfunctions of performance cepts, and KPI criteria for de-
prove and optimise Customs the WCO Performance Mea- measurement, performance veloping effective performance
operations is more pressing surement Mechanism (WCO measurement models, perfor- measures and information.
than ever. Crafted meticulously PMM) and promotes Members’ mance information roles, bench- The Handbook has been
for Customs officials, the Hand- use of the Mechanism and the marking, KPI selection, data col- released in two versions,
book on Performance Measure- submission of their data via lection and storage, performance with access to Members’
ment builds upon Customs the WCO PMM online plat- dashboard and reporting. It practices reserved for WCO
administrations’ established form. The overarching goal is also features a self-assessment Members, said a release.