Freight corridors offer a plethora of opportunities : NITI Aayog CEO

Posted by Daily Shipping Times on 14-12-2017        Tweet

BENGALURU: Amitabh Kant, CEO, NITI Aayog recently said, “With dedicated freight corridors ready in a few years, we will be shrinking the time for movement of goods from the Northern region to Western Ports to less than 15 hours.”

Speaking at the inauguration of CII’s construction equipment expo Excon 2017 here, Kant said, “At present, goods are moving at slow pace and is taking more than 15 days.”

Corridor routes

“The Government has identified corridor routes. We have planned new corridors in the Country such as Amritsar in Punjab (North) to Kolkata (in the East) and another between Bengaluru and Chennai. It is here construction equipment industry needs to brace itself,” he added.

Infra spending

Anant Geete, Union Minister for Heavy Industries and Public Sector Enterprises, said, “The Centre is planning to spend Rs. 7-8 lakh crore on infrastructure development.

This is evident from the launch of new schemes to promote the capital goods industry.”