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Logistics Sector Gets Infrastructure Status

Published on November 23, 2017
The government of India has granted infrastructure status to the logistics sector which will enable the industry to access cheaper finances.

  • Director general of Directorate General of Supplies and Disposals (DGS&D) Binoy Kumar was appointed as special secretary in charge of logistics in the commerce and industry ministry to adopt a suitable approach for the development of logistic sector.
  • The decision will enable the logistics sector to access infrastructure lending at easier terms with enhanced limits.
  • Larger amounts of funds as external commercial borrowings (ECB), longer tenor funds from insurance companies and pension funds will be accessible to the logistic sectot
  • It will make the sector eligible to borrow from the India Infrastructure Financing Co. Ltd
  • The government has defined “logistics infrastructure” to include a multimodal logistics Park comprising an Inland Container Depot (ICD) with a minimum investment of Rs50 crore and minimum area of 10 acre, a cold chain facility with a minimum investment of Rs15 crore and minimum area of 20,000 sq. ft and a warehousing facility with a minimum investment of Rs25 crore and a minimum area of 100,000 sq ft.

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