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NEC Corporation and the DMIC Trust have established a joint venture company, DMICDC Logistics Data Services Limited, for providing logistics visualization services in India. NEC and DMIC Trust will each hold 50% of the joint venture's total capital of approximately Rs 80 million.
This is the first commercial project to originate from the Smart Community initiatives of the Delhi Mumbai Industrial Corridor, which is being promoted jointly by the Indian and Japanese governments. Since 2010, the Japanese Ministry of Economy, Trade and Industry (METI) has played a key role in helping NEC and DMIC Trust to establish this new company.
The new company will provide shippers and transport operators with logistics visualization services, enabling them to perform real-time searches based on accurate positional information, showing the location of containers being...