Sagar Aankalan - Guidelines for Logistics Port Performance lndex (LPPI)

Mar 13, 2024 | by TeamLease RegTech Legal Research Team

Free Legal updates for the week 00


Industry Specific ComplianceThe Ministry of Ports, Shipping and Waterways (MoPS&W) on February 22, 2024, issued the Sagar Aankalan - Guidelines for Logistics Port Performance Index (LPPI).

The following has been stated:

• Objective:

o Assessing logistics performance of Indian ports through operational performance-based inter-port comparison.

o Improving efficiency, competitiveness and overall performance of Indian ports.

o Aligning evaluation and assessment procedures followed nationally with global norms, standards and definitions.

• Applicability:

o All Indian Ports (major & non-major) notified under the Indian Ports Act (1908).

o Assessment under two categories i.e. Bulk (including Dry & Liquid) and Container.

o Assessment to be done annually (in April for the preceding financial year).


Bookmark

Related Updates



Alternate Text

Get updates on the go on RegUpdate Mobile App.

NEW  ·  AI ASSISTANT