New Delhi, July 23 (IANS) Improving rail accessibility for micro, small and medium enterprises (MSMEs) could unlock significant rail freight growth by lowering logistics costs and adding a customer segment for rail services, a report said on Thursday.The report from FICCI and KPMG in India said many MSMEs remain dependent on road transport despite rail’s structural cost advantage because of fragmented consignments, limited cargo aggregation, inadequate terminal access, first‑ and last‑mile…
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New Delhi, April 30 (IANS) Union Minister of Road Transport and Highways, Nitin Gadkari has said that India’s logistics cost will drop to 9 per cent at the current robust pace of road infrastructure development.The Union Minister said that research by IIT Bangalore, IIT Kanpur and IIT Chennai completed six months ago showed road‑infrastructure improvements had already reduced logistics costs by 6 per cent to about 10 per cent, a statement said.”Earlier, logistics costs in India were as high as…