Business News | Rail Vikas Nigam Forms Two Joint Ventures for Logistics Parks Construction
Get latest articles and stories on Business at LatestLY. The government's focus is on improving the efficiency in the movement of cargo across the country by bridging critical infrastructure gaps. The government aims to lower transportation costs by enabling seamless goods connectivity.
New Delhi [India], January 20 (ANI): Rail Vikas Nigam Limited has formed two joint ventures (JVs) for the construction of multi-modal logistics parks across India under the Bharatmala Pariyojana.
In September 2021, the state-owned company entered into an MoU with the National Highways Authority of India (NHAI) in connection with the construction of such logistics parks.
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"It is hereby informed that in this connection, Rail Vikas Nigam Limited (RVNL) has formed two JVs viz., BENGALURU MMLP PRIVATE LIMITED and CHENNAI MMLP PRIVATE LIMITED," Rail Vikas Nigam Limited said in a stock exchange filing on Friday.
This comes on the backdrop when the government's focus is on improving the efficiency in the movement of cargo across the country by bridging critical infrastructure gaps. The government aims to lower transportation costs by enabling seamless goods connectivity. (ANI)
(The above story is verified and authored by ANI staff, ANI is South Asia's leading multimedia news agency with over 100 bureaus in India, South Asia and across the globe. ANI brings the latest news on Politics and Current Affairs in India & around the World, Sports, Health, Fitness, Entertainment, & News. The views appearing in the above post do not reflect the opinions of LatestLY)