TCI's Agarwal sees no immediate impact on Road Freight Sector

Mr. D. P. Agarwal's, VCMD, Group TCI's reaction to the interim rail budget which was announced today. According to Mr. D. P. Agarwal, Vice Chairman and Managing Director, Group TCI, "The freight rates have been kept unchanged."

"It is a positive move that the ambitious dedicated freight corridor on the Ludhiana – Kolkata route would be inaugurated by the end of this month. Also, work on the Delhi – Mumbai stretch has started. This will smoothen the freight traffic movement and reduce the congestion of the operative lines and also bring in time efficiency in the freight business."

"The rail freight sector is expected to get a boost, with the railways deciding to introduce new high-capacity wagons. This will help augment the business of the customers since they will be able to transport more than what they did earlier."

Speaking on the impact on the Road Freight sector, Mr. Agarwal added, "We do not see any immediate impact, however, the end customer will benefit with better coordination between the Rail-Road freight sectors. We strongly believe that Rail & Road collectively can enhance productivity and efficiency of the Indian Logistics sector."

Source : Equity Bulls

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