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| Date | 2024-03-11 |
|---|---|
| Type | Commercial Circular |
| Topic | freight |
Aggregation of Piecemeal traffic and Door to Door Delivery
Confidential Customized for Lorem Ipsum LLC Version 1.0 Mission 3000 MT: Way Forward ➔Indian Railways (IR), the 4th railway largest railway network in the world after China, Russia, United States ➔In 2023-24, Indian Railway transported 1591 Million Tonnes (MT) ➔Indian railways aspire to achieve freight loading of 3000 MT by 2027 ➔If we go by conventional approach Railways will be able to transport 1728 MT only ➔This mandates multi-faceted approach for achieving this ambitious target. Mission 3000 MT ➔Railway’s share in logistics market (from 1950-51 to 2023-24) Logistics market and Railways Logisticmarket grown- From 86.5 MT to 4500 -5000 MT 55 times increase Rail Cargo grown - From 73.2 MT to 1591 MT 22 times increase ➔Railway’s share in logistics market (from 1950-51 to 2023-24) Logistics market and Railways 86.5 73.2 5000 1591 6000 5000 4000 3000 2000 1000 0 Logistic Market Growth Rail Cargo Growth 1950-51 -84.62% 2023-24 – 31.82% ➔This comparative low increase is reflected in IR’s consistently declining market share from: Logistics market and Railways 85% in 1951 60% in 1991 3 2 % in 2024 Freight Business in Indian Railways • IR has achieved Freight loading of 1591 MT in FY 2023-24 i.e an incremental loading of 79 MT over the previous FY 2022-23, which was 1512 MT. Following graph depicts the growth of freight loading in the last 5 years - Freight Loading in MT Loading 1223 1210 1233 1418 1512 1591 2018-19 2019-20 2020-21 2021-22 2022-23 2023-24 Commodity/Year 2020-21 2021-22 2022-23 Growth from FY 2021-22 to 2022-23 Coal 542 653 728 11.4% Raw Material For Steel Plant 24 29 29 0% Pig iron & Steel 59 68 66 -2.9% Iron Ore 159 168 160 -4.7% Cement & Clinker 121 138 144 4.3% Foodgrains 63 73 71 -2.7% Fertilizers 54 49 56 14.2% POL 43 45 48 6.6% Container 63 74 79 6.7% Other Goods 103 118 129 9.3% Total 1233.24 1418.27 1512.08 6.6% Commodity wise Freight Loading (in MT) Commodity wise share of Freight Loading in FY 2022-23 (%) Coal 48% RMSP 2% 4% Iron Ore PI & Steel 11% Cement & Clinker 9% POL Fertilizers 4% Foodgrains 5% 3% 5% Other Goods Container9% Commodity wise share- Till 11.03.2024 for Year 2023-24 Current Year (Till 11-03-2024) Last Financial Year (2022-23) Logistics market and Railways Achieving of 3000 MT freight loading by 2027 will be a mammoth task In 2027 the logistics business is estimated to be of 7200 MT and achievement of 3000 MT will facilitate increase of railways modal share from current 32% to 41.6% 5443 5794 6151 6493 6837 7200 1418 1504 1537 1558 1640 1728 26% 26% 25% 24% 24% 24% 8000 7000 6000 5000 4000 3000 2000 1000 0 2021-22 2022-23 2023-24 2024-25 2025-26 Projected Logistics Market vs Rail share (2021-22 to 2026-27) 2026-27 Total Demand (In Million Tons) Carried by Rail Percentage As per Mission 3000MT report, if the constraints are not addressed, IR with the ‘Business as Usual (BAU)’ will be able to achieve 1728 MT by 2027 Constraints for achieving Mission 3000 MT Achieving Mission-3000MT will require an ambitious growth of 16.5%. For which railway needs to effectively address and overcome major challenges on supply side and demand side. Constraints Supply Side Constraints Demand side constraints 1 Commissioning of capacity enhancement works 2 Augmentation and Upgradation of infrastructure network 3 Augmentation and Upgradation of Rolling stock fleet Strategies for overcoming Supply side constraints 1 Meeting demand of traffic by proactive interventions for attracting traffic 2 Dynamic pricing, assure transit time 3 Higher efficiencies 4 Diversification of commodity basket 5 Enhanced containerization 6 Enabling Piecemeal loading 7 Door to door services Strategies for overcoming Demand side constraints Action plan for Mission- 3000MT Strong initiatives and robust inputs are warranted to address & overcome various constraints and challenges; 1 Addressing Infrastructural constraints 2 Addressing Rolling Stock constraints 3 Addressing Marketing, Pricing, Customer s
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