Fast Tracking Freight in India 2021 Report | UPSC
HEADLINES:
New Analysis by NITI Aayog and RMI Highlights India’s Potential to Save 10 Giga tonnes of Cumulative C02 over the Next Three Decades
WHY IN NEWS:
India Can Save Logistics Fuel Worth ₹311 Lakh Crore between 2020 and 2050: Report
SYLLABUS COVERED: GS 3:Report
ISSUE:
FAST TRACKING FREIGHT IN INDIA 2021 REPORT
- NITI Aayog, RMI (Rocky Mountain Institute) and RMI India’s new report, Fast Tracking Freight in India : A Roadmap for Clean and Cost-Effective Goods Transport, presents key opportunities for India to reduce its logistics costs.
PUBLISHED BY
FREIGHT TRANSPORTATION
- Due to the rising demand for goods and services, freight transport demand is expected to grow rapidly in the future.
According to the report, India has the potential to:
- Reduce its logistics cost by 4% of GDP
- Achieve 10 giga tonnes of cumulative CO2 emissions savings between 2020 and 2050
- Reduce nitrogen oxide (NOx) and particulate matter (PM) emissions by 35% and 28%, respectively, until 2050
KEY POINTS
- Freight transportation is a critical backbone of India’s growing economy, and now more than ever, it’s important to make this transport system more cost-effective, efficient, and cleaner.
- This transformation will be defined by tapping into opportunities such as efficient rail-based transport, the optimisation of logistics and supply chains, and shift to electric and other clean-fuel vehicles.
- These solutions can help India save ₹311 lakh crore cumulatively over the next three decades.
- The report outlines solutions for the freight sector related to policy, technology, market, business models and infrastructure development.
KEY RECOMMENDATION
The recommendations include:
- Increasing the rail network’s capacity
- Promoting intermodal transport
- Improving warehousing and trucking practices
- Policy measures and pilot projects for clean technology adoption
- Stricter fuel economy standards.
IASbhai WINDUP:
- Efficient freight transport will also play an essential role in realising the benefits of existing government initiatives such as Make in India, Aatmanirbhar Bharat, and Digital India
- When successfully deployed at scale, the proposed solutions can help India establish itself as a leader in logistics innovation and efficiency in the Asia–Pacific region and beyond.
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