Saturday, September 23, 2006

Indian Railways in talks with the Aditya Birla Group

The Economic Times reports:

After talks with Pantaloon Retail, the Indian Railways is in talks with the Aditya Birla Group as a public-private partnership to transport goods and play a key role in the growth of organized retail. The AVB Group is keen on setting up agri-commodities retail outlets, warehouses, processing centers and cold chains at railway stations.

India loses Rs. 50,000 crore annually to wastage due to its inefficient supply chain of vegetables and fresh fruits. The Railways is hoping to double its revenue in five years through supply chains to retailers. At present, only 50 million tones of agri-products travels on the railways, of a total 400 million tones.

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