Public-Private Partnership

IMEC to slash logistics costs by 30%, transit time by 40%, says Piyush Goyal

The India-Middle East-Europe Economic Corridor (IMEC) is expected to reduce logistics costs by up to 30% and cut transportation time by 40%, Union Minister of Commerce and Industry Piyush Goyal said on Wednesday. The Minister was addressing the IMEC High-Level Roundtable on Connectivity and Economic Growth in New Delhi. Highlighting these figures, Goyal said IMEC is poised to become a transformative corridor for global trade, offering faster, more cost-effective, and sustainable connectivity be...

September 27, 2024 7:39 PM

FCI enhances storage and transportation infrastructure through PPP in three states

The Food Corporation of India (FCI) has upgraded its storage and transportation infrastructure by launching six advanced silo projects under the Public-Private Partnership (PPP) model across three states, as said by the Ministry of Consumer Affairs, Food, and Public Distribution. These silo projects have been established in Bihar, Punjab, and Gujarat, marking a key achievement for the Department of Food and Public Distribution. The projects align with the ministry's 100-day objectives. Develop...