Govt readies multi-modal transport play to reduce logistics costs
Wednesday, March 15, 2017, 9:10 AM
India has firmed up the contours of its ambitious multi-modal programme to reduce logistics costs and make the economy competitive. The strategy involves a reset of India’s logistics sector from a “point-to-point” model to a “hub-and-spoke” model to put in place an effective transportation grid. The government’s multi-modal transport plan includes setting up 35 multi-modal logistics parks at an investment of Rs50,000 crore.