Insta
Freight train of the Indian Railways - Representative Image
In a bid to encourage small and medium businessmen, entrepreneurs, Ministry of Railways under Piyush Goyal has decided to give a discount of 25 per cent on existing haulage rate per Twenty Feet Equivalent Unit (TEU) on the transport of empty containers as well empty flat container wagons, reports Metro Rail News.
This initiative would also satiate the demand for container train operators (CTOs) and is expected to give a boost to container business both in imports, exports. It is projected to be a profitable proposition for Indian Railways.
Railways also expects to get more traffic by reducing the rate by 25 per cent. Presently 18 private container train operator (CTO) and CONCOR are operating container services. Indian Railways have recognised the need to diversify and expand its freight basket, and the decision is expected to be a move in the direction.
This move will come into force with effect from 1 January 2019 and will remain valid for one year, up to 31 December 2019. Reports also suggest that a review meeting will be conducted by the railways after 30 June 2019.
Support Swarajya's 50 Ground Reports Project & Sponsor A Story
Every general election Swarajya does a 50 ground reports project.
Aimed only at serious readers and those who appreciate the nuances of political undercurrents, the project provides a sense of India's electoral landscape. As you know, these reports are produced after considerable investment of travel, time and effort on the ground.
This time too we've kicked off the project in style and have covered over 30 constituencies already. If you're someone who appreciates such work and have enjoyed our coverage please consider sponsoring a ground report for just Rs 2999 to Rs 19,999 - it goes a long way in helping us produce more quality reportage.
You can also back this project by becoming a subscriber for as little as Rs 999 - so do click on this links and choose a plan that suits you and back us.
Click below to contribute.
Latest