Monday 23 September 2019
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business-standard - 12 days ago

Commerce ministry to soon seek Cabinet nod for Multi-Modal Transportation of Goods Bill: Goyal

The commerce ministry will soon approach the Union Cabinet to seek approval for the proposed Multi-Modal Transportation of Goods Bill, 2019, (MMTG) which seeks to facilitate smooth movement of products for domestic consumption as well as foreign trade. Commerce and Industry Minister Piyush Goyal also said that the national logistics policy 2019 is being finalised and, soon, they will seek the Cabinet s nod for that as it aims at cutting logistics cost cut by one-third. We have finalised the Multi-Modal Transportation of Goods Bill, 2019, and soon we will take that up with the Cabinet. It will help in faster movement of consignments for exports, imports and domestic trade, he told reporters here. Multimodal transportation includes a combination of more than one mode of movement, such as rail, road or sea, for end-to-end delivery of goods. After getting the Cabinet s approval, the Bill will be laid in Parliament for approval. It would repeal the existing MMTG Act 1993. The minister ...


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