The Interim Budget for 2024-25 announcement for implementation of three Economic Railway Corridor identified under the PM GatiShakti for enabling multi-modal connectivity, including (i) energy, mineral, and cement corridors, (ii) port connectivity corridors, and (iii) high traffic density corridors, is a big push towards logistics efficiency and reduction of logistics cost related to rail movement. It will decongest high density rail routes and facilitate modal shift from road to rail and to coastal shipping, thereby reducing carbon footprint in logistics.
Union Minister of Commerce and Industry, Consumer Affairs, Food and Public Distribution and Textiles, Shri Piyush Goyal welcomed the announcement as investment in infrastructure development will generate employment opportunities and have multiplier effect on the economic growth of the country. He said that the focus of the Government under the leadership of Prime Minister, Shri Narendra Modi has been on infrastructure as it has direct impact on beneficiaries across sectors.
