“We are working on standardization of warehousing infrastructure, grading, and rating of infrastructure so that a better market can be created for warehousing spaces. Railways are doing their best to support the core sectors of the economy. As regards cost reduction, cost is distributed in transportation, warehousing, inventory carrying, and other administrative charges. To reduce cost, we need to focus on transportation costs by reducing the time of turnaround trucks and shifting modals modes. Cost reducing will not happen unless the issue of first and last mile is taken care of. We need to leverage the reduced cost of railways and postal transportation and improvise transshipments. We are focusing on all these points in our logistics policy,” he informed.
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