To speed freight movements throughout the country, the Indian government approved a proposal to allow private investment for the development of rail-related infrastructure projects. The expansion is expected to lower transportation costs and enhance state-owned Indian Railways’ supply chain accommodations to public and private businesses.
“The policy framework and the private participation models for rail-connectivity and capacity augmentation projects suggested would facilitate speedy execution of rail connectivity projects,” an official government statement relayed. “The policy would provide much-needed impetus to building of critical missing links in railway network and evacuation from ports, mines, big industrial units and plants.”
Indian Railways carried 565.37 million tons of freight traffic during the first seven months of fiscal year 2012-13, up 5 percent compared with the same period last year. This infrastructure move underscores supply addressing demand, benefitting those transporting product into, through and out of India.
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