New DFCCIL MD prioritises development of Gati Shakti cargo terminals

28 Aug 2024 CW Team

Kumar, who succeeded Ravindra Kumar Jain on July 31, highlighted the need to explore all avenues for increasing freight revenue. "Business development shall be our priority. We must engage in expanding our business potential, particularly by focusing on the extensive development of Gati Shakti Cargo Terminals," Kumar stated after assuming his new role.

The Gati Shakti Multimodal Cargo Terminal Policy, launched in December 2021, aims to establish 100 such terminals by the end of 2024-25. DFCCIL has been actively issuing tenders for the development of these terminals on both private land and alongside the western and eastern dedicated freight corridors.

The policy is designed to attract logistics service providers, real estate developers, third-party logistics players, warehousing investors, container train operators, and manufacturers. It features a streamlined application and approval process, land license fee relaxations, and the option for private and state-owned operators to set up common user facilities for rail cargo handling.

While the Eastern Dedicated Freight Corridor is now fully operational, the Western Dedicated Freight Corridor is nearing completion. With over 96% of the project commissioned, DFCCIL has transitioned into the operation and maintenance phase, managing the seamless exchange of more than 700 full-length goods trains daily.

Kumar also underscored the importance of enhancing Artificial Intelligence-based operation and maintenance systems to boost efficiency, noting that DFCCIL is now operating longer, heavier, and faster trains, aligning with world-class heavy haul railway standards.

(ET)

Praveen Kumar, the newly appointed Managing Director, Dedicated Freight Corridor Corporation of India Ltd (DFCCIL), has emphasised the importance of developing Gati Shakti Cargo Terminals as a key strategy for advancing the company’s business.Kumar, who succeeded Ravindra Kumar Jain on July 31, highlighted the need to explore all avenues for increasing freight revenue. Business development shall be our priority. We must engage in expanding our business potential, particularly by focusing on the extensive development of Gati Shakti Cargo Terminals, Kumar stated after assuming his new role.The Gati Shakti Multimodal Cargo Terminal Policy, launched in December 2021, aims to establish 100 such terminals by the end of 2024-25. DFCCIL has been actively issuing tenders for the development of these terminals on both private land and alongside the western and eastern dedicated freight corridors.The policy is designed to attract logistics service providers, real estate developers, third-party logistics players, warehousing investors, container train operators, and manufacturers. It features a streamlined application and approval process, land license fee relaxations, and the option for private and state-owned operators to set up common user facilities for rail cargo handling.While the Eastern Dedicated Freight Corridor is now fully operational, the Western Dedicated Freight Corridor is nearing completion. With over 96% of the project commissioned, DFCCIL has transitioned into the operation and maintenance phase, managing the seamless exchange of more than 700 full-length goods trains daily.Kumar also underscored the importance of enhancing Artificial Intelligence-based operation and maintenance systems to boost efficiency, noting that DFCCIL is now operating longer, heavier, and faster trains, aligning with world-class heavy haul railway standards.(ET)

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New DFCCIL MD prioritises development of Gati Shakti cargo terminals

Sterling and Wilson Secures Rs 12 Bn Solar EPC Contract in Gujarat

NTPC Green Energy Signs MoU with Bihar Government

ASECOL Launches 50 MW Solar Power Plant in Chitrakoot

Opinion Poll

Question : Which technological advancement do you believe will most transform the real estate industry in the coming years?

Live Results :

Virtual Reality and 3D Property Tours

Smart Home and Building Automation

Blockchain for Property Transactions

Big Data and Predictive Analytics for Market Insights

Augmented Reality for Property Staging and Design

Drone Technology for Aerial Photography and Site Analysis

Latest updates

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