Array ( [news_yr] => 2017 ) Lancer Container Lines Ltd
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The logistics sector gets infrastructure status - 2017
Infrastructure status to the logistics sector will enable the industry to access cheaper finances to develop industrial parks, cold chains, and warehouses.
01-September-2017

The logistics sector gets infrastructure status - 2017

Infrastructure status to the logistics sector will enable the industry to access cheaper finances to develop industrial parks, cold chains, and warehouses.

In a major push to developing an integrated logistics framework in the country including industrial parks, cold chains, and warehousing facilities—the government has granted infrastructure status to the logistics sector, enabling the industry to access cheaper finances. To adopt a coherent approach for the development of logistics infrastructure, the government-appointed former director-general of Directorate General of Supplies and Disposals (DGS&D) Binoy Kumar as special secretary in charge of logistics in the commerce and industry ministry earlier this month.

Considering a proposal by the commerce ministry, the finance ministry, in a meeting held on 10 November, decided to include logistics in the master list of infrastructure sub-sectors, according to a finance ministry statement. The government has defined “logistics infrastructure" to include a multimodal logistics Park comprising an Inland Container Depot (ICD) with a minimum investment of Rs50 crore and minimum area of 10 acres, a cold chain facility with a minimum investment of Rs15 crore, and a minimum area of 20,000 sq. ft. 

Source - https://www.livemint.com/Industry/v1WBpSQe3Z7DNhL4ouCuyN/Logistics-sector-gets-infrastructure-status.html 

























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