November 21 , 2017

Infrastructure Status To Boost Investments Into The Sector, Allcargo Logistics Says

The government’s move to grant logistics sector infrastructure status will attract investment from international funds and domestic players, according to Shashi Kiran Shetty, chairman and managing director of Allcargo Logistics Ltd.
He said the combination of high costs and low margin have always burdened the logistics segment. Therefore, this move comes a breather, he said.
This move is beneficial for logistics as market players will now be able to avail loans at “easier terms with enhanced limits, access to larger amounts of funds as external commercial borrowings,” the Ministry of Finance said in a statement yesterday.
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