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, May 21 (IANS) Union Road Transport and Highways Minister Nitin Gadkari on Thursday said that there was a strong need for Indian firms to forge joint ventures with US companies to gain access to the latest technologies. In his address at the annual leadership summit of the American Chamber of Commerce (AMCHAM), Gadkari said: “India is the fastest growing major economy while US companies develop lots of new technologies, so it is very important for Indian companies to have joint venture…
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…