India’s rapid growth path and the government push has given manufacturing a boost. As a result, the manufacturing segment provides investors with multiple diversified opportunities, say experts.
In 2022, the National Logistics Policy was launched with focus on bringing in efficiency and reduce costs. In the 2022 annual report on Logistics Ease Across Different States (LEADS), Arunachal ranks in the Aspirer category, behind the ‘Fast Mover and ‘Achiever categories, stating a clear need to have a policy intervention for improvements in the logistics sector.
DFCs will help India reduce its high logistics costs from some 13-15 per cent of the GDP and help it move towards the target of 8 per cent by bringing them more in line with global standards. In addition, each kilometer-long freight train on the EDFC will replace some 72 trucks on average. This will ease congestion on Indias overcrowded roads and highways, which carry an overwhelming 60 per cent of the countrys freight.
WATCH: PM Modi Inaugurates Delhi-Ghaziabad-Meerut RRTS Corridor; Flags Off 'Namo Bharat' Express freepressjournal.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from freepressjournal.in Daily Mail and Mail on Sunday newspapers.