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Economic Times

Logistics gets infra status, fund-raising to become easier

The government has granted infrastructure status to the logistics sector, making it easier for companies operating cold chains, industrial parks and warehousing facilities to raise long-term credit from banks and other financial institutions at low rates, and attract foreign investment.
 
The department of economic affairs through a notification has expanded the category of infrastructure sub-sectors to include transport and logistics, moving them from earlier sub-head of transport. The definition of logistics, according to the notification, includes industrial parks, warehouses, cold storages and transportation.
 
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