Industries need to bring down logistics and supply chain costs to fuel economic growth: Union Minister Danve

Jalna, May 1 (KNN) The Industries need to reduce the logistics and supply chain costs in order to facilitate economic growth and development in the country, Union Minister of State for Railways, Coal and Mines Raosaheb Dane said.

Speaking at the scrap recycling and waste utilisation awareness conference, Dane said that the ambitious Dedicated Freight Corridor project of the Railways, which will have high-speed rail lines to transport goods from Maharashtra in the west and West Bengal in the east to Dadri near Delhi, will bring down logistics costs by connecting industrial hubs.

“In addition, multi-modal logistics parks in several parts of the country, including Jalna, and 'circular economy parks' in Aurangabad, Ratnagiri, Pune and Nagpur, which will focus on scrap and waste recycling, will help enhance efficiency of the goods transportation mechanism,” he said.

The awareness conference was organised by the Material Recycling Association of India (MRAI) in association with the Steel Manufacturers Association of Maharashtra (SMAM).

Ruchika Govil, Additional Secretary in the Union Ministry of Steel, appreciated the steel sector for recycling and optimum usage of secondary goods.

She said that there was need to curb carbon emissions and other environmental hazards in the steel sector, and assured that her ministry would provide all help in such efforts.  (KNN Bureau)