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Railway gearing to offer land for retail
Posted On: 13-05-2008 09:44:24 AM

The railways may soon offer around 4,800 hectares of land to retailers and logistics companies to set up retail outlets and warehouses. Around 3,000 sites have identified by the railways across the country for the purpose. The railways would give the companies preferential treatment in terms of lower freight rates compared with other customers. Companies would have to provide minimum traffic guarantee to the railways in a quid pro quo for real estate. The railways are also considering retailers’ proposal to create a refrigerated rail link between agri-hubs to transport perishable agri-commodities. The hubs would be created in non-metro stations, facilitating transportation of agri-products using the rail network and provide for their sale at the local level. The Railways is in talks with Reliance, Future Group, ITC, the Tatas, AV Birla Group and GE Logistics.

 
 
 

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