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Showing posts with label Logistics. Show all posts
Showing posts with label Logistics. Show all posts

Monday, 15 March 2021

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Wednesday, 23 October 2019

08:05

Multi Modal Logistics and Integrated Warehouse Complex -DFCCIL

Multi Modal Logistics and Integrated Warehouse Complex -DFCCIL
NEW DELHI: Having begun trial runs on the part of Eastern DFC, DFCCIL is gearing itself for creation of upgradation of terminal facilities along its route which is to be commissioned in totality by December 2021. In this regard, an MoU was signed between DFCCIL and CRWC (Central Railside Warehouse Company Ltd) for utilizing the services of the latter for upgrading and creating Multi-Modal Logistics Parks and Integrated Warehousing Complexes along or near DFCCIL rail network.
CRWC is already operating 19 rail side warehouse complexes across the country with a capacity of 3.5 lakh tonnes. This synergy between DFCCIL and CRWC is expected to give a boost to traffic to be carried over through DFCCIL by making the transport over DFCCIL complete and integrated with warehousing, and last-mile connectivity being provided in a seamless manner. This is bound to reduce logistics costs and thereby attract more traffic from other modes.
CRWC, a PSU under the Ministry of Food, Consumer Affairs and Public Distribution is facilitating faster unloading/loading of cargo and turn around of rolling stock beside safe storage of cargo.
The MoU was signed on 21/10/2019 by Shri Anurag Kumar Sachan, Managing Director, DFCCIL and Shri Narinder Kumar Grover, Managing Director, CRWC when Shri Arun Kumar Shrivastava, Managing Director, Central Warehousing Corporation was also present.
Source:RailNews
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Thursday, 15 June 2017

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Sunday, 23 April 2017

15:59

Minister of Railways dedicates New Freight Terminals under Mission Hundred & Flags off Three Freight Trains

Minister of Railways dedicates New Freight Terminals under Mission Hundred & Flags off Three Freight Trains

NEW DELHI: Minister of Railways Shri Suresh Prabhakar Prabhu dedicated/flagged off the following through Video Conferencing from Rail Bhavan on 19 April 2017.
1. Dedicated New Freight Terminals under Mission Hundred & flagged off Freight Trains from following Freight Terminals:
 a. Adani, Kila Raipur,
 b. Penna Cement, Tandur,
 c. CONCOR, ICD, Khemli

2. Flagged off 1st High Axle Load Steel Carrier rake under Special Freight Train Operator (SFTO) policy from Jamshedpur and

3. Flagged off Train No 16791/16792 from Punalur to Palakkad. Speaking on the occasion, Minister of Railways Shri Suresh Prabhakar Prabhu said that “Kerala is a State with high population density with not much urban rural divide, so demand for public transport is high. Providing intercity transport for Kerala is important. This new train would cater to the needs of people of Kerala. Stoppages and timings of this train has been taken care of based on the suggestions from the representations from the State.”

Shri Suresh Prabhakar Prabhu added that for Railway, Freight is important segment. Change in freight policies are always required.These new 45 Freight terminals inaugurated today are a next step of changes in freight policy. The High Axle Load train is a customised rolling stock based on need of customers. Challenge for Railways is to run passenger and cargo train on same track & maintain the punctuality. Our traffic has grown 65 times and handling capacity has just grown to 4 times. To maintain punctuality is a challenge, we are working for it.

New Freight Terminals under Mission Hundred
· While presenting Rail Budget for the year 2016-17, it was announced by the Hon’ble Minister of Railways that Indian Railways would develop/ commission at least hundred freight terminals on private investment in the next 2 years.

·The siding policy enables to provide rail-connectivity and construction of private sidings at the door-step of party’s factory/premises.  Private siding is only for end-users who owns a plant/ manufacturing unit or production units/ mines for his exclusive use. However, one co-user is permitted with permission of Chief Operations Manager of the concerned zonal railway.  To enable the terminal management to handle third party cargo, a scheme namely ‘Private Freight Terminal (PFT)’ is also in existence.

·The capital cost for construction of private siding is borne by the siding owner from the take-off point to the serving station. For providing rail-connectivity, railway land is provided by Railway on prescribed lease rent.

·The siding owner can opt for bearing the cost of traffic facilities (common-user facilities) that are to be normally borne by the Railways.  In such cases, a fixed freight discount of 10% on outward traffic only is granted for a maximum period of 10 years or till recovery of investment made by the Party, whichever is earlier.  

The main advantages of party’s own terminal are - 

· Door to door transport service.

·Better control over transport need of the business.

·Reduction in multi handling of cargo and thereby reduction in production cost and also damage free transportation of cargo.

·The PFTs are managed by logistic provider and gives unique opportunity to them for expansion of business through rail connectivity to their terminal.

·Development of private freight terminal is in win-win situation for both Railways and the investor industries.

· During the year 2016-17, 45 Freight Terminals (i.e. 30 Private Sidings & 15 PFTs) have been commissioned. These freight terminals will be dedicated to the nation and freight trains from three terminals i.e. Kila Raipur in the State of Punjab (Northern Railway), Tandur in the State of Telangana (South Central Railway) and Khemli in the State of Rajasthan (North Western Railway) will be flagged off on 19.04.2017. 

High Axle Load Steel Coil Carrying Rake

· Special Freight Train Operator (SFTO) scheme introduced to increase rail share of the

· non-traditional commodities like CR Coils, molasses, fly ash, edible oil, caustic soda, chemical, petrochemicals, alumina & bulk cement,

· Approval granted to TM International Logistics Ltd to procure 3 rakes of BFNS wagons with 22.9t axle load.

·Specially designed 22.9t axle load wagons with V-Groove and rubber liners for movement of Cold Rolled Steel coils which are susceptible to damage in ordinary wagons and require special design.

·These wagons will have approximately 19% higher payload of 64.89t.

·The BFNS rakes would move between TWS siding of Tata Steel on Chakradharpur Division of South Eastern Railway and TISR siding of Tata Steel on Chennai Division of Southern Railway.    

 Source:URL
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Tuesday, 12 July 2016

07:39

APL Logistics brings double-stack Container Train service to India

APL Logistics brings double-stack Container Train service to India

Chennai: APL Logistics, a unit of the Singapore-based Neptune Orient Lines, has extended its famous double-stack container train service — that help customers load double the volume of cargo in a single voyage — to India.

APL (American Presidential Lines) pioneered the concept in early 1984 in US domestic rail operations.

APL IndiaLinx, the rail operations arm of APL Logistics in India, recently stacked 90 forty-foot boxes two-high on a train from Mundra port for an inland container rail terminal at Kishangarh, near Delhi, according to a company official from Singapore.

The double-stacked train operation followed the Indian Railways’ recent decision to allow stacked train access along this rail corridor. This was part of the Railways’ bigger project to provide a freight-dedicated network of railroads with double-stack train access connecting key gateway ports and major North Indian industrial centres before end 2016.

APL IndiaLinx plans to expand its stacked train service network as more rail corridors are allowed double-stack access, the official said without giving a deadline. In 2006 the company was granted the rail operating licence. It owns and operates 18 weekly rail services between inland container rail terminals in northern India and the gateway ports on India’s west coast.

India Infrastructure and Logistics Private Ltd was set up in 2006 as a joint-venture between APL and Hindustan Infrastructure Projects & Engineering Private Ltd to provide rail-based container transportation and related logistics in India. Its service is marketed under the brand APL IndiaLinx.

BENEFITS

When a customer has a huge volume of freight to move between two points, using trains offer traffic and environmental benefits over trucks. With double-stack trains, these benefits are even greater.

With the container boxes stacked two-high, a double-stack train can potentially double the capacity in a train run. This effectively allows the company to move boxes out of the port area at a faster velocity in each train run, thereby easing congestion.

In fact, it also frees up the highways for trucks to move cargoes into other locations not served by rail or that do not have sufficient capacity or distance to justify rail movement. The use of double-stack trains also allow to make fewer train trips. This means reduction in fuel and emission, said the official.

In the US, double-stack trains run regularly over an intricate rail network providing time-predictable and efficient connectivity between the coastal terminals, manufacturing and consumption centres inland, the official said.

Source:RailNews
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Wednesday, 6 July 2016

07:28

Container Digital Exchange (CODEX) goes live in Tuticorin

Container Digital Exchange (CODEX) goes live in Tuticorin

Tuticorin: VO Chidamabaranar Port Trust in Tuticorin and Tuticorin Container Freight Station Association have jointly announced that India’s First Container Digital Exchange (Codex) went live on 1 July.

The platform was successfully processed in over 42,000 containers during pilot run of the project, thereby eliminating paper documents accompanying container movement at the port.

Association president David Raja in a press release said all the major stakeholders, including shippers, shipping lines and agents, will now have complete access to container movement through both online portal and the mobile application.

Kale Logistics Solutions, which developed Codex, announced the Go Live of the platform at the end of three months of pilot run.

The release said that the Go Live was executed today by the Chief Commissioner of Customs Chennai Pranab Kumar Das, VOC Port Trust S Anantha Chandra Bose and Commissioner of Customs Tuticorin KC Johny at a function in Tuticorin.

Container Digital Exchange (CODEX) is an EDI based electronic platform through which communication, information exchange, connectivity and electronic processing of key business transactions/operations can be facilitated between all container stake-holders at the Port and its related logistics value chain.

Last year, Tuticorin CFS Association (TCFSA) and Kale Logistics jointly signed a Memorandum of Understanding (MoU) to deliver India’s first Container Digital Exchange (CODEX), which will automate the container movement at Tuticorin Port and reduce the container dwell times considerably.

As per the MoU, TCFSA and Kale Logistics have agreed to co-operate with a view to provide a Digital Community platform to enable effective management of cargo information & documentation flows such that it eliminates/reduces manual paperwork considerably. This move promises to improve and contribute to the seamless movement of Export Import containers in and out of the Tuticorin Port from/to the Tuticorin based CFS/ICDs. The CODEX platform will electronically connect CFS/ICDs, Transporters, Port authority, Customs, Port terminal Operators and Security forces (Central Industrial Security Force-CISF).

This development is a path breaking and pioneering initiative in enabling ease of business, and following the Honorable Prime Minister’s initiative of “Digital India” Mr. S. Anantha Chandra Bose, Chairman, V.O.Chidamabaranar (Tuticorin) Port Trust said,  “Tuticorin is a progressive and  prominent port in the region. We have recently expanded the Port Gates and are introducing Toll Gate to enable Seamless access to the port. The Container Digital Exchange is the first of its kind initiative at an Indian Port which promises to reduce the current documentation process from 2 hours to almost 1/4th its time.”

Mr. David Raja, President – TCFSA stated, “We were impressed with the work Kale Logistics has done on Airport cargo handling side for Mumbai Airport and also at other port CFS/ICDs in India and abroad. They completely understand our business and that of our extended logistics value chain. With the CODEX platform, we look forward to better manage multiple document exchange between our members & trade partners, streamline the processes involved in container movement, track queue issue at port and reduce overall dwell time.”

“We are already in the space of developing Cargo Community Platforms, having created India’s first Cargo Community Platform UPLIFT back in 2011. Hence, it gives us tremendous confidence to once again deliver India’s first Container Digital Exchange for the Port User community. Since, we have prominent CFS/ICD system installations in India and other countries, we exactly know what Global Technology  practices needs to be followed for a progressive port like Tuticorin.” Said Mr. Vineet Malhotra, Senior Vice President- Kale Logistics Solutions.

 Source:RailNews
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Tuesday, 28 June 2016

17:12

Auto traffic can enable Indian Railways earn revenue of Rs 2,500 cr per annum

Auto traffic can enable Indian Railways earn revenue of Rs 2,500 cr per annum

Railways have remained an underused mode of transportation for finished automobiles. Less than 5 percent of outbound automobile logistics is through railways.

NEW DELHI: Society of Indian Automobile Manufacturers (SIAM) highlighted the significance of railways in automobile industry, in its second day of Automotive Logistics Conclave held here on Wednesday.

Railways have remained an underused mode of transportation for finished automobiles. Less than 5 percent of outbound automobile logistics is through railways. Underdeveloped infrastructure at terminals for storage and handling, along with non-competitive pricing are key areas of concern in railway cargo transport.

The production and consumption patterns of automobile sector are growing in such a way that there is substantial demand for transporting the automobiles from one area to another.

Studies have indicated that 20 percent of auto traffic can be carried by rail. This will enable the railways sector to earn revenue of Rs 2500 crore per annum through rail freight against the existing Rs 100 crore per year.

Speaking on the occasion, UC Joshi, Executive Director (Freight Marketing), Railway Board, Ministry of Railways, said, "The Automobile Freight Transport Operator (AFTO) policy facilitates the investment on procurement of auto wagons and usage of Indian railways network for meeting the transport needs of the industry. This will be a well balanced situation for Indian Railways as well as the automobile industry/ logistics provider. In terms of logistics and other requirements, Indian Railways plans to introduce smaller capacity rakes to cater to lower volumes for smaller regions. We plan to put across a system which will enable us to monitor transit time and real time tracking of the consignment."

Over the last decade Indian Railways has initiated measures to improve the operational and commercial performance of its rail freight operations. These have included - increasing the permissible axle loading for major commodities; improving wagon utilization by raising train speeds together with incentives to customers to consign full rakes of wagons, cutting out the need for marshalling enroute; rationalizing train examination procedures to reduce service delays etc.

Commenting on the topic, H D Gujarati, Director, Dedicated Freight Corridor Corporation of India (DFCCIL), said, "DFC will be a game changer in the transport and logistics sector. We are focussing on having a significant increase in the average speed of freight trains, volumetric capacity per wagon and double stack containers on the western corridor. We are in a process to introduce modern technology with will allow better maintenance, train operations with low operating cost. Dedicated freight Corridor will be operational by 2020."

The last session of the conclave was concluded with the way forward where panellists discussed the various measure taken up for operational efficiency gains through technology and manpower upgradation. Infrastructure creation and capacity building will be crucial in the development of the sector and further development of the economy.



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Friday, 24 June 2016

07:27

Ministry of Railways organizes an interactive seminar with major industries and stakeholders of Indian Railways freight business.

Ministry of Railways organizes an interactive seminar with major industries and stakeholders of Indian Railways freight business.
An interactive seminar with major industries and stakeholders of Indian Railways freight business was organized here today i.e. on 23rd June, 2016. The theme of the seminar was “LOOKING BEYOND COAL-GROWTH STRATEGIES FOR RAILWAYS IN A CHANGING ENVIRONMENT”. Keeping in view the importance of freight business, the seminar was specially addressed by Shri Suresh Prabhakar Prabhu, Minister of Railways and Shri Manoj Sinha, Minister of state for Railways. The seminar was chaired by Shri Mohd. Jamshed, Member Traffic, Railway Board. This has been an unprecedented initiative of Ministry of Railways as it seeks increase in its freight business.
Addressing the interactive session, Minister of Railway Shri Suresh Prabhu said that Indian Railways is making all out efforts to boost its freight traffic. The Minister pointed out that directions have been given to the traffic department of Railways to intensely interact with the freight business representatives and understand their problems and try to address them. Shri Suresh Prabhu said that Railway officers both at zonal level and divisional level are reaching out to customers and chasing them with a view to increase Railway’s freight business. He said that Railways is focusing on non-coal traffic also in a big way and this seminar is discussing strategies for the same. He said that integrated accounting reforms are now underway in Indian Railway system. Shri Suresh Prabhu pointed out that transparency in the Railway functioning has been given top priority and the entire tender process has been made online. He said that Indian Railways is working on ERP Software system which has been rated by some agencies as the largest such project anywhere in the world. He said that emphasis is also being given on accountability. He said that the steps have also been initiated to tap non-fare revenue in a big way and a separate directorate has been set up for handling this subject exclusively. Referring to the recently launched time tabled train of CONCOR, The Railway Minister said that more such time tabled freight trains will be run in future. The Railway Minister also informed that the Indian Railways is forming joint venture companies with different state governments which will further help in proliferating Railway Infrastructure across the nation.
Speaking on the occasion, Minister of state for Railways Shri Manoj Sinha said that  Railways is going to make all out efforts to increase its freight loading and hence its freight revenue. He said that it is always useful to maintain a two - way dialogue between Railway administration and Railway customers as it leads to better policy formulation.
Member Traffic, Railway Board Shri Mohd. Jamshed made a detailed presentation regarding the initiatives taken by the Ministry of Railways to attract traffic and the action plan for meeting the future challenges.
Salient Feature of the Presentation made by Member Traffic:
·   A number of initiatives have been taken for capacity development- Lines and Terminals by MOR. Details are as under-
·Total investment of Rs. 8.56 lakh Cr planned (2015-19)
· Review of Siding policy – simplified procedure, Timelines for projects, Reduced overheads, Online monitoring of progress.
·Additional Terminals: Under Mission hundred, 62 sidings/PFTs targeted to be commissioned during the current year.
·A number of initiatives have been taken by MOR towards rationalising the tariff structure and also facilitating smaller cargo transportation by rail. Details are as under:-
·Introduction of New Delivery Models – Inter-modal – ‘Roadrailer service’ and Ro-Ro, dwarf double stack.
·Port Congestion Charge-@ 10% on all traffic originating from Ports discontinued w.e.f. 13/04/2016.
·Busy Season Surcharge of 15% on basic freight removed w.e.f 01.05.2016 (upto 30.06.2016.)
·All covered wagons opened for loading of Two-Point / Multi Point Destination.
·Mini Rake Loading – Distance restriction eased – 400 kms to 600 kms (w.e.f. 15/03/2016)
·Elimination of Dual Freight policy for Export Iron Ore w.e.f. 09/05/2016.
·New Delivery Model – Introduction of Ro-Ro Service between Bihta and Turki on across Digha Bridge (25-5-16)
·Time-Tabled Freight Service – Container Train between Delhi-Whitefield in 70 hrs – ‘Cargo Express’ (15-6-16)
·Logistics Plan kept in abeyance w.e.f. 17-6-16- Now Eastern Ports can receive coal for Central Indian Power Plants.
·Key Customer Managers have been appointed for each commodity segment.

Source:PIBNEWS 
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Friday, 5 February 2016

16:05

Intra-city pick-ups and deliveries -Porter

Porter to launch mini truck service in Chennai

Porter, a logistics marketplace providing intra-city pick-ups and deliveries, has started its mini truck service in Chennai.

N Sadhanandhan, Head-Expansion, Porter said that It will start with Tata Ace and Tata Super Ace vehicles providing service within city limits.

Customers can book a trip using the company’s mobile app available in Android platform or by calling its call centre at 044 4410 4410.

They can also use the promotional code PORTERAPP to get a flat ₹50 off on all trips using the mobile app, he told newspersons.

He said that In Chennai, nearly 200 mini trucks are attached to the company, which expects these vehicles to make nearly 400 trips a day. In the next six months, the fleet will increase to nearly 500 vehicles making 1,500 trips a day.

 Source:http://www.transreporter.com/logisticsnews/29980/Porter-to-launch-mini-truck-service-in-Chennai/

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Saturday, 15 August 2015

08:31

ADB to carry out study for financing Road-cum-Rail Link between India and Sri Lanka

ADB to carry out study for financing Road-cum-Rail Link between India and Sri Lanka

Minister of State for Road Transport and Highways Mr.P.Radhakrishnan urged Ministry of Railways to also plan for development of “Multifunctional/Multi-Model Logistics Park” at Thalaimannar in Sri Lanka, with the help of CONCOR that helps to improve the Trade and Commerce relationship between the two countries, stating that the proposed Rail-cum-Road Link will act as a strong Economic Corridor for both the countries for this century

New Delhi: The Government of India today said that the Asian Development Bank has been asked to carry out pre-feasibility study for financing road and rail link across Palk Strait between India and Sri Lanka. Stating this in a written reply in the Lok Sabha today, Minister of State for Road Transport and Highways P Radhakrishnan said that the project is in the conceptual stage and is subject to approval of government of Sri Lanka.

The Minister said that once the report from ADB is received, the same will be shared by the Indian government with the Sri Lanka Government for further examination.

Mr.Radhakrishnan said that both countries felt that not only there is an urgent need to enhancing of trade, commerce and bilateral relationships between the two countries, but also the collaboration in innovation, knowledge sharing, Science & Technology, Space Sciences, Communication, Information Technology and ICT, Agricultural cooperation, Research and Development etc for the betterment of the region in particular. The envisaged Road-cum-Rail line project between India and Sri Lanka will facilitate heightened economic cooperation in this important region of Southeast Asia, the Minister said.

Minister also urged Ministry of Railways to plan for development of a Multifunctional/Multi-Model Logistics Park near Thalaimannar in Sri Lanka for better movement of goods and supplies through Freight containers. He said that this initiative by Ministry of Railways will enhance the Trade and Commerce between the two countries and Rail-cum-Road Link will help speedier transportation of freight logistics by rail and road mode, and serves as the key Economic Corridor for both the countries.

The Minister also urged Confederation of Indian Industry, FICCI and other Organisations to engage with Sri Lanka in greater detail, for development of the industries covering the manufacturing, agro-products, life sciences, agriculture, Information Technology, heavy industries and the other core sectors.
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Friday, 17 July 2015

23:11

Indian Rail Port Company Limited launched as a New PSU under Ministry of Shipping

Indian Rail Port Company Limited launched as a New PSU under Ministry of Shipping

New Delhi: The Shipping Ministry has taken up an initiative to have a company that would work on last-mile connectivity projects between Indian ports.

Rajive Kumar, Secretary, Ministry of Shipping, said a company called Indian Rail Port Company has been registered and the Ministry is in the process to select the first Managing Director.

The company would take up last-mile connectivity projects first for the major ports, and eventually for the non-major ports. It will construct, operate and maintain rail and road infrastructure to facilitate connectivity for transportation of goods from ports in India.

Kumar said the first tranche would be contributed by the major ports and the initial equity is about INR 100 crore. Shipping Secretary is the Chairman of the company that would be head-quartered in Mumbai.

He said that “We have identified 30 projects, and three detailed project reports (DPR) are ready. We hope to start the tendering process by October and the balance DPR would follow.”

Indian Rail Port Company Limited is envisaged to boast the most modern, production-optimising rail logistics information system in the world and co-ordinates train trips and track occupation, supports train loading processes in the Indian Ports and ensures the transparent exchange of data between all parties involved. All railway undertakings operating under the Company will be able to rely on automated communication via a data interface.

The share of cargo moved by rail in the Indian Ports will continue to grow in the coming years. As a flagship project for the railway as a mode of transport in the Shipping business, Indian Rail Ports Company Ltd will pave the way for more efficient port railway operations, thus securing the long-term future of the business in the Indian Ports with an efficient and transparent port railway information system.
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Saturday, 18 April 2015

18:18

Maharashtra Government will soon tie- up with Railway to develop and deepen rail network

MUMBAI: Railway Ministry will soon be entering into a tie-up with the Maharashtra Government to develop and deepen rail network in underdeveloped pockets in the hinterland.

A new company will be created to execute the project, Railway Minister Suresh Prabhu today said.

"In the next few days, we will create a company with the Maharashtra Government, which will develop rail lines in different parts of the State," Prabhu told reporters on the sidelines of an event here.

"The agreement will be limited to Maharashtra," he said, adding, the improved rail connectivity will help bridge development gap between regions and enlisted possible routes which may be taken up.

These included laying tracks in the Naxal-affected Gadchiroli district in Vidarbha; establish a line between Kolhapur in Western Maharashtra and Vaibhavwadi in the coastal Sindhudurg district and another between Karad and Chiplun, connecting the developed Western Maharashtra with Konkan.

Chief Minister Devendra Fadnavis welcomed the move, saying the agreement may be signed within ten days and promised full help from his Government for the project.

He suggested rail routes connecting under-developed Yavatmal district of Vidarbha with Nanded in neighbouring Marathwada and another line linking Ahmednagar with Beed in Marathwada.

Prabhu said there is no dearth of finance for the Railways now, courtesy the newer fund mobilisation ways devised by his Ministry and reiterated that a whopping Rs 8.50 trillion will be invested over the next few years. 

The Railways is in touch with the Life Insurance Corporation of India and multilateral agencies for long-term finance, he said.

The PSU will also be coming up with a revamped PPP model, Prabhu said, adding we should welcome private investments into the Railways and stop looking at it as a favour doled out to the private sector.

Having already announced to create the Logistics Corporation of India, Prabhu said the Government is mulling creating a multi-modal hub at Nagpur, given its ocation in the centre of India. 

Source :Economic Times





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Thursday, 19 March 2015

22:10

Transport Logistics Corporation of India Ltd to be set up by July

Transport Logistics Corporation of India Ltd to be set up by July
New Delhi: The Ministry of Railways will set up a new state-owned entity, Transport Logistics Corporation of India Ltd (TRANSLOC), by July to handle transport logistics, a senior official said today.

“The railways have already moved a Cabinet Note to this effect. We expect the new entity (TRANSLOC) would be created in next 4-5 months to attain the objectives of implementing railways projects through public private partnership (PPP) route,” said a PHD Chamber of Commerce press release quoting Rail Ministry ED-Traffic/PPP M S Mathur.

Addressing a conference organised by the Chamber, he said: “The Cabinet clearance is keenly awaited for setting up of Transport Logistics Corporation of India.”

In his budget speech last month, Rail Minister Suresh Prabhu had proposed to set up the public sector unit and said, “Indian Railways must expand freight handling capacity in tandem with the expansion of freight carrying network capacity.”

TRANSLOC will develop common user facilities with handling and value-added services to provide end-to-end logistics solution at select Railway terminals through PPPs.

In the budget it was proposed to upgrade 10 existing goods sheds of Indian Railways and develop 30 small multimodal logistic parks, initially under the aegis of TRANSLOC, where Indian Railways has surplus land.

Mathur also said that the tariff regulator for the railways will be appointed by 2016.

“The appointment of railways regulator will take about a year as things are advancing towards this direction,” he said.

“The tariff regulator would suggest to the government the tariff and freight structure for the railways in addition to recommending the reforms on pricing factor of the largest entity of the government,” he said.

Mathur said the latest gross revenues of the railways have reached to Rs 1,40,000 crore against its working expenses of Rs 1,30,000 crore.
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