The New Form of Transport Saving India Billions
K.Venkateshwar. Rao 23 JULY 2019 Inland waterway transport is likely to prove a great benefit for India’s industrial sector, as the government aims to remove hurdles for doing business in India and encourage the industrial sector to play a more significant role in the Indian economy. According to the government’s findings, India has around 14,500 kilometres of navigable waterways, comprising of rivers, canals, backwaters, and creeks. The cost of transporting one tonne freight over one kilometre by waterway is just 1.06 Indian Rupees (INR), or $0.015 USD, compared to 2.58 INR ($0.037 USD) by road and 1.41 INR ($0.020 USD) by rail. Inland Waterways Authority of India (IWAI) officials said that with the opening of the waterway, business activities on National Waterway One (NW1) gained momentum, with many cargo owners, like PepsiCo, IFFCO Fertilizers, Emami Agrotech, and Dabur India, coming on board. In the inauguration ceremony of PSU Concor’s first containers’ voyage t