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Coastal shipping of commodities to save Rs 40k crore per year

To encourage shippers to shift cargo to waterways, govt is planning to provide an incentive of Re 1 per km for a tonne of cargo

Press Trust of India  |  New Delhi 

Promoting coastal shipping of just six commodities, including coal, cement and steel, could result in a huge Rs 40,000 crore annual saving, according to government estimates. Of the total, coastal shipping of thermal coal alone could result in savings of about Rs 20,000 crore while promoting steel and cement would save an annual Rs 5,500 crore and Rs 4,000 crore, an official said. "By promoting coastal shipping of across six commodities - thermal coal, steel, fertilizers, foodgrains and containers, the annual potential savings is estimated at about Rs 40,000 crore," the ...

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First Published: Sun, June 26 2016. 17:47 IST
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