YEARS
Vol. LX No. 137 THURSDAY 6th AUGUST 2020
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Govt taking steps to reduce Logistics cost to boost growth: Mansukh Mandaviya NEW DELHI: The Government has initiated multiple steps to reduce high logistics cost, including strengthening inland waterways, Shipping Minister Mansukh Mandaviya said recently, as he urged private players to join hands to propel India’s growth. Mandaviya, who was addressing a virtual event ”Creating Multimodal Transport Network Using Big Data” organised by PHDCCI, also expressed concern over the high logistics cost in the country, which was 30 per cent more than that in developed nations.
“The Government of India has taken a large number of steps to reduce logistics cost in the country in order to fuel growth. These include making a network of inland waterways to transport cargo in a cost-effective manner. We have made 1,400 km of waterways operational,” Mandaviya said. The Minister said the aim of creating a network of waterways is to reduce logistics costs, boost exports and make the country self-reliant, as per Prime Minister Narendra Modi’s Cont’d. Pg. 2 ”Atmanirbhar Bharat” initiative.
Bharat Mumbai Container Terminals Indian Railways announces achieves new Rail Volumes record revised Freight Policy NEW DELHI: Indian Railways revises its Freight Policy in July 2020 during Unlock 3.0 to boost its freight traffic. The new policy MUMBAI: The PSA Global operated Bharat Mumbai Container Terminals (BMCT) achieved yet another mile stone in Rail volumes, handling around 16,065 TEUs in 107 Rakes during the month of July 2020 surpassing its own record of handling 13,601 TEUs in previous month. This latest milestone was achieved on the back of the July 2019 agreement for inter-terminal haulage of mixed train boxes within JNPT terminals, whereupon seamless transfers by BMCT contributed to a steady increase in rail volumes handled. Cont’d. Back Pg.
measures are expected to further boost the incentives for all freight customers to transport their goods through Railways. More relaxations have been provided to the customers by a slew of incentives announced by Indian Railways. These incentives are expected to boost the economy. Railways has already overtaken last year’s figures for the corresponding period. In the month of August 2020, it has loaded 8.64 MT freight as compared to 8.37 MT last year same period. It hopes to achieve great results in spite of many challenges during the COVID-19 situation with revised freight policy. Cont’d. Pg. 2