Freight Smart Cities on the verge of reducing logistics cost
05 Jul 2021
2 Min Read
CW Team
On Friday, the Ministry of Commerce unveiled plans to the media for freight smart cities to enhance urban freight efficiency and build an opportunity for a drop in logistics costs.
Under the freight smart cities initiative, city-level logistics committees would be created, and they will have associated government departments and agencies at the local and state levels.
The Ministry said that these would also involve the private sector from the logistics services and also users of logistics services.
On the freight smart city initiatives, the logistics division is operating closely with GIZ (Germany) under Indo-German Development Cooperation, Rocky Mountain Institute (RMI) and RMI India. A challenge is anticipated to be declared to boost the participation of cities in this initiative, it said.
The Ministry aims to increase the list from ten cities required to be identified on an immediate basis to 75 cities in the next phase before mounting up all over the nation, involving all state capitals and cities, having more than one million population.
However, the cities to be considered would be finalised in discussion with the state governments.
Hardeep Singh Puri, Minister of State for Commerce and Industry, began a website on 'Freight Smart Cities' and issued a handbook describing 14 measures that can enhance urban freight, if implemented.
Puri directed the states to identify ten cities, to start with, to be developed as freight smart cities and to establish institutional mechanisms for the same.
Also read: Smart City Mission: Aurangabad civic body to invest Rs 1,000 cr
Also read: Smart Cities Mission: Surat secures top rank in smart cities rankings
On Friday, the Ministry of Commerce unveiled plans to the media for freight smart cities to enhance urban freight efficiency and build an opportunity for a drop in logistics costs.
Under the freight smart cities initiative, city-level logistics committees would be created, and they will have associated government departments and agencies at the local and state levels.
The Ministry said that these would also involve the private sector from the logistics services and also users of logistics services.
On the freight smart city initiatives, the logistics division is operating closely with GIZ (Germany) under Indo-German Development Cooperation, Rocky Mountain Institute (RMI) and RMI India. A challenge is anticipated to be declared to boost the participation of cities in this initiative, it said.
The Ministry aims to increase the list from ten cities required to be identified on an immediate basis to 75 cities in the next phase before mounting up all over the nation, involving all state capitals and cities, having more than one million population.
However, the cities to be considered would be finalised in discussion with the state governments.
Hardeep Singh Puri, Minister of State for Commerce and Industry, began a website on 'Freight Smart Cities' and issued a handbook describing 14 measures that can enhance urban freight, if implemented.
Puri directed the states to identify ten cities, to start with, to be developed as freight smart cities and to establish institutional mechanisms for the same.
Image Source
Also read: Smart City Mission: Aurangabad civic body to invest Rs 1,000 cr
Also read: Smart Cities Mission: Surat secures top rank in smart cities rankings
Next Story
Reliance, Diehl Advance Pact for Precision-Guided Munitions
Diehl Defence CEO Helmut Rauch and Reliance Group鈥檚 Founder Chairman Anil D. Ambani have held discussions to advance their ongoing strategic partnership focused on Guided and Terminally Guided Munitions (TGM), under a cooperation agreement originally signed in 2019.This collaboration underscores Diehl Defence鈥檚 long-term commitment to the Indian market and its support for the Indian Government鈥檚 Make in India initiative. The partnership鈥檚 current emphasis is on the urgent supply of the Vulcano 155mm Precision Guided Munition system to the Indian Armed Forces.Simultaneously, the 鈥淰ulc..
Next Story
Modis Navnirman to Migrate to Main Board, Merge Subsidiary
Modis Navnirman Limited has announced that its Board of Directors has approved a key strategic initiative involving migration from the BSE SME platform to the Main Board of both BSE and NSE, alongside a merger with its wholly owned subsidiary, Shree Modis Navnirman Private Limited.The move to the main boards marks a major milestone in the company鈥檚 growth trajectory, reflecting its consistent financial performance, robust corporate governance, and long-term commitment to value creation. This transition will grant the company access to a broader investor base, improve market participation, en..
Next Story
Global Capital Flows Remain Subdued, EMEA Leads in Q1 2025
The Bharat InvITs Association鈥檚 industry update for Q1 2025 shows subdued global capital flows, with investment volumes remaining at the lower end of the five-year range despite a late 2024 recovery. According to data from Colliers and MSCI Real Capital Analytics, activity in North America declined slightly, while EMEA maintained steady levels and emerged as the top region for investment in standing assets.The EMEA region now hosts seven of the top ten cross-border capital destinations for standing assets, pushing the United States鈥� share of global activity below 15 per cent. Meanwhile, in..
