The logistics sector in India is expected to create 10 million jobs by 2027 as it undergoes a shift towards becoming more organized. Initiatives such as the Production Linked Incentive scheme and the PM Gati Shakti program are expected to drive growth in the industry.
On Monday, in the Bombay Stock Exchange (BSE), 2,216 stocks advanced, 1,348 declined and 172 remained unchanged with advance decline ratio of 1.64, indicating strength in broader markets.
Gati Shakti: Long Term Leasing Of Rail Land Given The Green Signal swarajyamag.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from swarajyamag.com Daily Mail and Mail on Sunday newspapers.
PM Gati Shakti programme: The new policy will help provide in providing a land lease for a longer period of up to 35 years as against five years at present, Union Minister Anurag Thakur told the media after the cabinet meeting.
The Union Cabinet on Wednesday approved a policy for long-term leasing of railway land for the PM Gati Shakti programme, which the government said will help set up 300 cargo terminals and generate 1.25 lakh jobs.