New Delhi, Feb. 2 -- The Interim Budget for 2024-25 announcement for implementation of three Economic Railway Corridor identified under the PM GatiShakti for enabling multi-modal connectivity, including energy, mineral, and cement corridors, port connectivity corridors, and high traffic density corridors.

It is seen as a big push towards logistics efficiency and reduction of logistics cost related to rail movement. It will decongest high density rail routes and facilitate modal shift from road to rail and to coastal shipping, thereby reducing carbon footprint in logistics.

Union Minister of Commerce, Piyush Goyal, welcomed the announcement as investment in infrastructure development will generate employment opportunities and have multip...