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Date: 24/12/2024

Freight corridors will have multiplier effect on Indian economy, says rail panel

The Railways Parliamentary Standing Committee has said that the upcoming freight corridors, that include one for energy, minerals and cement, one for port connectivity and another for high traffic density, will have a positive multiplier effect on the Indian economy, enhance the share of Indian Railways in freight transport, thereby generating increased revenue, while simultaneously reducing the carbon footprint. All of these corridors have been identified under the PM Gati Shakti Mission to facilitate multimodal connectivity. The Ministry has been asked to prioritise development of these corridors by drawing specific plans/phases with timely execution of each, said a report.

source: Exim News Service: New Delhi, Dec. 23