Multimodal logistics park will improve the infrastructure in the State, says Cochin Chamber

The trade and industry has hailed the decision of the Centre to set up a multimodal logistics park in Kochi, saying that it will improve, streamline and centralise the multimodal infrastructure in the State. The proposed park at an investment of ?32,853 crore will be a highly positive initiative as it is bound to improve logistics efficiency, reduce costs, create job opportunities, promote ancillary industries/investments in the long run, C.S. Kartha, president of Cochin Chamber of Commerce and Industry said. Kochi has been selected along with 14 other cities based on the highest freight movement in the country. It is one of the 15 cities which together account for 40 per cent of the freight movement. ?We need to capitalise on this?, he said adding that this mega project will act as a catalyst for other such projects in the State to enhance their efficiency and effectiveness in promoting Kerala?s logistics sector. Courtesy: The Hindu Business Line

Tags:

Popular News
Latest News

 

 

Media