Railways creating 100 Private Freight Terminals with private participation : Railway Minister

Posted by Daily Shipping Times on 18-07-2017        Tweet

NEW DELHI: In order to create a proper logistics environment and seamless movement of traffic in the Country, Ministry of Railways is focussing more to improve the railways infrastructure and also to speed-up the pace of infrastructure development, said Railways Minister Suresh Prabhu recently.

“Railway Ministry is focussing more on improving the infrastructure of Indian Railways to create a proper logistics and seamless movement of traffic,” Prabhu said recently.

“Therefore, we have decided to create an infrastructure at much faster pace. Already we are creating infrastructure twice to speed than previous year and will increase every year,” he added. 

Citing the Ministry’s achievement, Prabhu said that his Ministry has sanctioned around 16,500 km of doubling and tripling lines in the last three years compared to just 22,000 km in the past 70 years.

“We are already creating about 100 private freight terminals with private participation so that more and more traffic can come to the railways,” he said.

“So, all of this will result in creating a good logistics backbone for the Country and will help it to do much better business as logistics is the key to success for industrialisation.,” he added.

On port-rail connectivity, the Minister said that the port-rail connectivity is already happening properly and we are inviting private participation in various sectors.

Terming Goods Services and Tax (GST) as a ‘game changer’ for the Country, he said that it has created a fiscal situation wherein the goods and services can move without any hindrance from one end of the Country to another.