50 economic corridors

Economic and industrial corridors in the making.

Fifty economic corridors with upgraded key feeder and inter corridor routes would improve overall efficiency of freight movement and make Indian products competitive.

#Minister of Road Transport & Highways and Shipping, Nitin Gadkari, said this on 15 March 2017 in New Dehi at the curtain raiser event for the India Integrated Transport and Logistics Summit scheduled from the 3rd to 5th of May, 2017.

The plan also includes developing 35 multimodal logistics parks to serve as centres for freight aggregation and distribution, multi-modal transportation, storage and warehousing and value added services, he elaborated.

There are additional plans to construct 10 Inter-Modal Stations which integrate various transportation modes like rail, road, mass rapid transit system, bus rapid transit (BRT), auto-rickshaw, taxi and private vehicles.

About 56,000 km has been identified including existing national corridors Golden Quadrilateral and North -South Corridor, proposed economic corridors, inter corridor routes and feeder routes.

In addition to this, 191 towns/cities have been identified on these routes where steps will to be taken to reduce congestion.

Inter-state border movement related documentation and procedure will also be simplified.

These interventions will help reduce 5%–6% in the overall supply chain costs in the economy.

Logistics Parks will help reduce transportation cost for the top 15 nodes by about 10%, besides reducing pollution, congestion and warehousing costs.

Chennai and Vijayawada have already identified land parcels for development of logistics parks.

Pre-feasibility study will be initiated in these two cities immediately.

The Summit would provide a platform for various stakeholders from public and private sectors discuss issues plaguing the logistics sector and the potential solutions, he said. fii-news.com