Adani signed agreement with NYK Auto to run auto freight trains
Posted on:18 Jul 2018 13:41:14
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18 July 2018 Current Affairs:
Adani Logistics Ltd. (ALL) has signed an agreement with NYK Auto Logistics (India) Private Ltd. (NALI) to form a joint venture (JV) that will specialize in the transportation of finished vehicles using automobile freight trains.
The JV would participate in AFTO (Automobile Freight Train Operator) Policy of the Ministry of Railways and offer its trains for transporting vehicles across India more efficiently. The planning will commence operation with six trains. It is predicted that ALL will have 25 trains in operation in three years based on its market trends.
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