Reduce logistics and supply chain costs, says Union Minister Danve

The industry needs to cut logistics and supply chain costs to boost the country’s economic growth and development, Union Minister Raosaheb Danve said in Jalna in Maharashtra on Saturday. The Union Minister of State for Railways, Coal and Mines was speaking at a scrap recycling and waste recovery awareness conference organized by the Material Recycling Association of India (MRAI) and the Steel Manufacturers Association of Maharashtra (SMAM).

He said the railways’ ambitious Dedicated Freight Corridor project, which will have high-speed lines to transport goods from Maharashtra in the west and West Bengal in the east to Dadri near Delhi, will reduce logistics costs by connecting industrial hubs.

In addition, multi-modal logistics parks in several parts of the country including Jalna and “circular economy parks” in Aurangabad, Ratnagiri, Pune and Nagpur, which will focus on scrap and waste recycling, will help increase the efficiency of the goods transportation mechanism, Danve said .

Ruchika Govil, Additional Secretary at the Union Ministry of Steel, recognized the steel sector for recycling and making best use of secondary assets.

She said there was a need to curb carbon emissions and other environmental hazards in the steel sector, and assured her ministry would provide any assistance in such efforts.

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