Special Train With 180 Shipping Containers To Arrive In Rajasthan
In view of shortage of containers in Rajasthan amidst the pandemic, a special train carrying 180 shipping containers from Mundra port in Gujarat will arrive here on Saturday.
This is for the first time that double-stack container train is arriving in Jaipur for the Inland Container Depot of Rajasthan Small Industries Corporation Limited (RAJSICO), an official said.
The train has been flagged off from Mundra on Thursday and shall arrive on destination by Saturday.
The train will be carrying empty containers for timely assistance for the local export-related businesses. The disruption caused by the COVID pandemic has resulted in a shortage of shipment containers in Rajasthan. This has directly affected the exports. The double-stack train will help address the shortage issue.
"Rajsico is working towards assisting small industries in the state with exports and with the commencement of the double stack train the process shall gain further momentum," Rajesh Sharma, managing director, RAJSICO, said.
The Inland Container Depot at Jaipur releases nearly 150 containers in a month, the numbers have been affected by the pandemic situation and the shortage of containers further added up to the challenge of local exporters.
Nearly 60 containers left the depot in the month of June 2021. However, as the situation improves the figures are expected to rise and the double-stack train will help in assuring the availability of empty containers for exporters, the official said.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.
Digital Editor
JPMorgan Deploys AI Chatbot To Revolutionize Research And Productivity
JPMorgan has deployed an AI-based research analyst chatbot to enhance productivity among its workforce, with approximate... Read more
Private Equity And Banks: The Complex Web Of Leverage
Private equity has emerged as a significant force in the global financial landscape, driving substantial growth and inve... Read more
Financial Watchdog Highlights Unresolved Vulnerabilities In Shadow Banking Sector
The world’s leading financial stability watchdog has issued a warning about the unresolved vulnerabilities within the ... Read more
JPMorgan And Small Caps Lead Market Rally: A Sign Of Economic Optimism
In a week marked by strong financial performance, JPMorgan Chase & Co. reported a 25% rise in profits, and US small-... Read more
Big Banks Vs. Regional Banks: The Battle For Market Share
The financial industry is a competitive landscape where big banks and regional banks vie for market share. Each type of ... Read more
The Evolution Of Philanthropic Advisory Services In Private Banks
The landscape of philanthropic advisory services provided by private banks has undergone a significant transformation. T... Read more