Indian Railways’ Impetus To Freight: Gives 25 per cent Discount To Privately Owned Empty Containers, Flat WagonsFreight 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.

An Appeal...

Dear Reader,

As you are no doubt aware, Swarajya is a media product that is directly dependent on support from its readers in the form of subscriptions. We do not have the muscle and backing of a large media conglomerate nor are we playing for the large advertisement sweep-stake.

Our business model is you and your subscription. And in challenging times like these, we need your support now more than ever.

We deliver over 10 - 15 high quality articles with expert insights and views. From 7AM in the morning to 10PM late night we operate to ensure you, the reader, get to see what is just right.

Becoming a Patron or a subscriber for as little as Rs 1200/year is the best way you can support our efforts.

Become A Patron
Become A Subscriber