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Ficci for more inclusive LTTC policy of Railways

Press Trust of India  |  New Delhi 

Industry body has suggested to the railways ministry various measures

like inclusion of coal and coke in long-term tariff contract(LTTC) policy, to promote growth of

The policy was unveiled by the ministry for key customers using predetermined price escalation principle.

also suggested rationalisation of freight class for iron ore, formulation of long-term policy on freight structure for short lead traffic, allocation of more rakes for movement of cargo for industries, and route rationalisation policy for iron ore and limestone.

It also said it is essential to rationalise freight class for iron ore in view of the viability of domestic and

"Since a wide range of industrial segments ranging from metals to thermal power generation are dependent upon coal, coke and iron ore, these commodities should also be covered under the LTTC policy," it said.

noted that while this policy provides certainty in logistics operations to the industry and railways, there are exceptions in the policy and the most transported commodities - iron ore, coal and coke have been listed under excluded category.

Further, it said several railway routes carrying iron ore and limestones have been subjected to route rationalisation due to congestion in the and delays in doubling /trebling of lines to ease the situation.

"Therefore, route rationalisation needs to be reconsidered and corrected," it said.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, May 17 2019. 15:06 IST