The Indian Railways will set up a new state-owned entity, TRANSLOC, by July to handle transport logistics, a senior official said. ÃÂīThe Railways have already moved a Cabinet note to this effect. We expect the new entity (TRANSLOC) would be created in next 4-5 months to attain the objectives of implementing railways projects through public private partnership (PPP) route,ÃÂī said a PHD Chamber of Commerce press released quoting Rail Ministry ED-Traffic/PPP M S Mathur.
Addressing a conference organized by the Chamber, he said, ÃÂīThe Cabinet clearance is keenly awaited for setting up of Transport Logistics Corporation of India.ÃÂī
Unit for handling transport logistics to be set up soon
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