Department working with ADB to develop grading, rating standards for warehouses, cold chains: Official

The Department for Promotion of Industry and Internal Trade is collaborating with the Asian Development Bank to establish standardized grading and rating systems for warehouses and cold chains. This initiative aims to improve transparency and efficiency in the country's logistics infrastructure.
For investors, this development is significant as it addresses critical bottlenecks in supply chain management. By formalizing quality standards, the government hopes to reduce inefficiencies and attract better capital into the logistics sector, potentially boosting the performance of related stocks.
Investors should monitor the progress of these guidelines and the subsequent rollout of multi-modal logistics parks. These projects could signal a broader push to modernize India's trade infrastructure, offering long-term growth opportunities for companies in the logistics and warehousing space.
Excerpt from BusinessLine
The Department for Promotion of Industry and Internal Trade (DPIIT) is working with Asian Development Bank to develop grading and rating standards for warehouses and cold chains, a senor official said on Tuesday. Joint Secretary in DPIIT, Pankaj Kumar also said they are working to formulate guidelines for MMLP (multi…Read the original at BusinessLine
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