Don’t miss the latest developments in business and finance.

Government plans 'freight village' at Varanasi

Image
IANS New Delhi
Last Updated : Mar 08 2018 | 9:00 PM IST

With an aim to boost economic development around the proposed multimodal terminal at Varanasi, the government is planning to develop a "freight village" in the city, the Lok Sabha was told on Thursday.

The freight village to be developed by the Inland Waterways Authority of India (IWAI) would reduce logistics cost in the eastern transport corridor and its influence zone, Minister of State for Shipping Pon Radhakrishnan said in a written reply.

He said the project envisages establishment of multimodal logistics hub in Varanasi to promote the use of waterway transport on the river Ganga between Haldia and Varanasi and of rail transport on Eastern Dedicated Freight Corridor (EDFC) in the northern direction.

This will facilitate movement of freight from road to water and rail, he explained.

"As per present estimates, jobs at 3,600 direct work places and additional jobs at indirect work places, with new and specialist logistic skills, are expected to be generated in and around Varanasi," the Minister said.

--IANS

vv/nir

Disclaimer: No Business Standard Journalist was involved in creation of this content

More From This Section

First Published: Mar 08 2018 | 8:52 PM IST

Next Story