;
Home / Knowledge / News / Textiles / Investment in logistics to be $500 bn in India by 2025

Investment in logistics to be $500 bn in India by 2025

02
Aug '18
Investment in logistics to be $500 bn in India by 2025
Annual expenditure on investment in logistics, including infrastructure, will touch $500 billion by 2025, according to Indian minister of commerce and industry Suresh Prabhu. The ministry is working on a national logistics policy and one on the development of multi-modal logistics parks to be announced soon, he said recently said in New Delhi.

These initiatives will create millions of jobs and will do away with the hurdles in India’s internal and global trade, an official press release quoted the minister as saying.

Recognizing that efficient and effective management of logistics will have a positive impact on overall trade in manufacturing and services.

The Centre for Trade Facilitation and Logistics (CTFL) has been given a mandate by department of commerce to prepare a plan and act on several objectives, including human resource development and training government officials, he said.

The ministry has agreed to provide a block one-time funding support of ₹80 lakhs towards initial infrastructure and a phase wise support of ₹339.90 lakhs for four years. This centre will attempt to document and monitor the trade and logistics activities and suggest suitable measures for its improvement. (DS)

Fibre2Fashion News Desk – India


Must ReadView All

UK PM Theresa May/Courtesy: Gov.uk

Textiles | On 17th Jan 2019

British PM May survives no-confidence motion

British Prime Minister Theresa May survived a no-confidence motion on ...

Martin Brudermüller, Chairman of the Board of Executive Directors, BASF SE (right) and Gautam Adani, Chairman of the Adani Group signed an MoU ; Courtesy: BASF

Textiles | On 17th Jan 2019

BASF, Adani to evaluate investment in acrylics value chain

BASF and Adani Group have signed a memorandum of understanding (MoU)...

RIL sees 37.1% rise in revenue from petrochemicals

Textiles | On 17th Jan 2019

RIL sees 37.1% rise in revenue from petrochemicals

Reliance Industries Limited (RIL) has witnessed 37.1 per cent...

Interviews View All

Nitin Bhatia, Trend Arrest

Nitin Bhatia
Trend Arrest

Setting up a brand for online selling is easy, but running the brand is not

Siddharth Biyani, Mangalam Industries Pvt Ltd

Siddharth Biyani
Mangalam Industries Pvt Ltd

‘The manufacturing sector is improving day-by-day, becoming better in...

Smith Vaghasia, Sanado India

Smith Vaghasia
Sanado India

Online remains the best destination for shopping

Luciano Sardini,

Luciano Sardini

A consolidated reality in Italy and internationally, IMA Spa is well-known ...

Urmil Arya,

Urmil Arya

Sushila International, a well established textile organisation established ...

Sarah Perkins,

Sarah Perkins

Fairfax, Virginia-based Specialty Graphic Imaging Association (SGIA) is a...

Wolfgang Plasser, Lenzing AG

Wolfgang Plasser
Lenzing AG

The Lenzing Group is an international company headquartered in Austria...

Larry L Kinn, Suominen Corporation

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Dave Rousse, INDA

Dave Rousse
INDA

INDA, the Association of the Nonwoven Fabrics Industry, serves hundreds of ...

Vaanee Bhatia, Gritstones Clothing

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

Jay Ramrakhiani, Occasions Elegance Wear

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Ritu Kumar, Label Ritu Kumar

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


January 2019

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search