New Delhi, February 01, 2021: The Union Budget 2021-22 placed key focus on healthcare, infrastructure, digital economy and job creation for the youth. The announcement of massive investment of Rs. 2000 crore on seven port projects under PPP mode will boost the logistics sector and enable overall economic growth. Under the Recycling Act, 2019, a recycling capacity of around 4.5 Miliion Light Displacement Tonne (LDT) will be doubled by 2024. This will not only benefit us as a company but also be a way of providing employment opportunities.
With road and rail connectivity being an indispensable factor of the economic development, an allocation of Rs 1,10,055 crore for Railways has been made where the eastern and western dedicated freight corridors will be commissioned by June 2022. This will help in bringing down the logistics cost as well as ensure smooth connectivity between different points of country and ensure easy and faster freight movement. The Union Budget targets 100 percent electrification of broad-gauge railways to be achieved by 2023. This will increase efficiency, and reduce dependence on conventional fuels.
The Government’s push to port, road and rail infrastructure through various investments, initiatives and projects will further add to the development of the logistics industry in India.
Corporate Comm India (CCI Newswire)
India’s rapidly growing economy and increased consumer consumption are fuelling appetite for premium retail spaces.…
New Delhi, September 19, 2024: Think of waking up every morning in the extravagance of…
Hyderabad, September 18, 2024: Hyderabad's Biggest Real Estate Expo - Times Property Expo 2024 was today…
Chennai, September 18, 2024: The Chennai suburbs along the Grand Southern Trunk (GST) Road, including…
Delhi-NCR, September 17, 2024: In a major milestone for India's luxury real estate market, Dubai-based architect…
MEPIC and BEDIC conferences in Jeddah offer apath to Smart, Sustainable, and Energy-Efficient Solutions Jeddah, September 17, 2024:…