The government has given infrastructure status to logistics sector, covering cold chain and warehousing facilities, a move that is likely to attract more funding at competitive rates for these segments.
The government has been working on ways to attract more investments into transport and logistics as part of efforts to bolster infrastructure development in the country.
Amending the existing framework, a notification issued by the Department of Economic Affairs (DEA) has widened the category of infrastructure sub-sectors to “transport and logistics” from the earlier sub-head of “transport”.
Having the infrastructure status would help the logistics sector get credit at competitive rates and on a long-term basis as rising logistics cost impacts global competitiveness of exporters.
Logistics costs of exports are very high in India and due to this, Indian goods are less competitive in global markets.
The definition of logistics includes industrial parks, warehouses, cold storages and transportation. Read More…
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