road-and-transport-news
NHAI to set up warehousing zones to reduce logistics cost
NEW DELHI. In a bid to ease transportation and reduce logistics cost of companies by about half, the Central government is firming up a proposal to set up warehousing zones, along with a private partner, on the outskirts of major cities. Road ministry and the National Highways Authority of India (NHAI) are working on the proposal to set up logistics parks.
NHAI made a presentation to the ministry on the need for engaging a consultant to set up logistics parks announced in the Budget, sources said. They would be warehousing zones on the outskirts of the cities and storage facilities .Gadkari is believed to have proposed Nagpur's name for setting up country's first logistics park . BUsiness Standard
Read Also : Indian Air Force ushers in Digital Transformation with DigiLocker Integration
News Must Read
- NCL General Manager (Finance) D Sunil Kumar recommended for SECL Director (Finance)
- Bank of Maharashtra Q4 results, Net Profit increased by 44.95 percent to Rs 1,218 crore
- Axis Bank Overtakes Kotak Mahindra Bank to Become India's Fourth Most Valued Lender
- LIC cuts stakes in major PSU stocks
- SJVN CMD Geeta Kapur Inaugurates Construction Works at Sunni Dam Project in Himachal Pradesh
- PESB Selects R Veerabahu as Director (Finance) for Braithwaite & Co. Limited
- Grew Energy bags largest order of 200 MW Contract of SECI's Auction
- CPCL Reports 39% YoY Drop in Q4 Net Profit, Declares Rs 55 per Share Dividend
- SJVN Limited inaugurates India's first Multi-purpose Green Hydrogen Pilot Project
- KRDCL, RVNL JV emerges as the Lowest Bidder for Redevelopment of Thiruvananthapuram Central Railway Station