Fast Tracking Freight in India 2021 Report

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Fast Tracking Freight in India 2021 Report | UPSC
FAST TRACKING FREIGHT IN INDIA 2021 REPORT
PUBLISHED BY
FREIGHT TRANSPORTATION
KEY POINTS
KEY RECOMMENDATION

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

NITI Aayog and RMI have published Fast Tracking Freight in India : A Roadmap for Clean and Cost-Effective Goods Transport.

FREIGHT TRANSPORTATION

Due to the rising demand for goods and services, freight transport demand is expected to grow rapidly in the future.

While freight transport is essential to economic development, it is plagued by high logistics costs and contributes to rising CO₂emissions and air pollution in cities.

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.

As India’s freight activity grows five-fold by 2050 and about 400 million citizens move to cities, a whole system transformation can help uplift the freight sector.

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.