CommercialPedia Indian Railways commercial circulars and policies

Automobile freight train operator (AFTO) scheme

Open the third-party archive copy

Summary

AUTOMOBILE FREIGHT TRAIN OPERATOR (AFTO) SCHEME A Joint venture company or partnership | A Joint venture company or

Text of the circular

Freight Marketing Circular No. 26 of 2020

भारत सरकार GOVERNMENT OF INDIA रेल मंत्रालय MINISTRY OF RAILWAYS (रेलवे बोर्ड RAILWAY BOARD )

No. 2017/TC(FM) /4/12 New Delhi, Dated:*}.12.2020

General Managers, All Indian Railways.

Corrigendum No. 2 of Freight Marketing Circular No. 13 of 2018

SUB: AUTOMOBILE FREIGHT TRAIN OPERATOR (AFTO) SCHEME.

Ref: Freight Marketing Circular No. 13 of 2018 issued under Board’s letter No.2017/TC(FM)/4/12 dated 19.04.2018.

1. Policy guidelines on “AUTOMOBILE FREIGHT TRAIN OPERATOR (AFTO) SCHEME” was issued vide Freight Marketing Circular No. 13 of 2018 under Railway Board’s letter No. 2017/TC(FM)/4/12 dated 19.04.2018.

2. The eligibility condition under Para 3.1.3, 3.3 and 3.5 has been amended as follows:

Para Existing Para Amended Para No.

3.1.3

A Joint venture company or partnership | A Joint venture company or partnership registered under the Companies Act.

3.2 | The applicant should have minimum No change One year experience in any one of the following fields.

(a) transport and logistics

(b) port and land terminal operations

(c) warehousing

(d) container train operations

(e) manufacturers of automobiles

wagon leasing compan

3.3. | The company should have a net worth of To be DELETED minimum Rs. 20 crores or an annual turnover of minimum 30 crores as on 31st March of the previous financial ear.

In case the applicant is a_ subsidiary company, experience and net worth of the holding company, owning more than 50% equity in the subsidiary company, may be

oF.12.2020

In case the applicant is a subsidiary company, experience of the holding , owning more than

3.5

Freight Marketing Circular No. 26 of 2020

reckoned for the purpose of Para 3.2 and | 50% equity in the subsidiary

3.3 above. However, in such cases, the company, may be reckoned applicant company must have more | for the purpose of Para 3.2 than 25% of the prescribed net worth of | above.

Rs.20 crore.

3. This issues with the concurrence of Finance Directorate of Ministry of Railways.

4. These instructions will come into force with immediate “Le

Please acknowledged receipt.

Dy. Director Freight Marketing

No. 2017/TC(FM)/4/12 New Delhi, Dated:}.12.2020

Copy to:

1. Principal Financial Advisors, All Indian Railways.

2. The Deputy Comptroller & Auditor General of India (Railways), eM. . 224,

Rail Bhawan with 36 spares. q

लि-र9.12 2010 for Member (Finance)

No. 2017/TC(FM) /4/1 New Delhi, Dated: }.12.2020

Copy forwarded for information and necessary action to:

1. Principal Chief Operations Managers, All Indian Railways

2. Principal Chief Commercial Managers, All Indian Railways

3. Managing Director, Konkan Railway Corporation, Belapur Bhavan, Plot No. 6, Sector-11, CBD Belapur, Navi Mumbai - 400014.

4. The Managing Director, CAO/FOIS, GM/FOIS - Centre for Railway Information System (CRIS), Chankyapuri, Near National Rail Museum, New Delhi.

5. Director General, National Academy for Indian Railway, Lalbaug, Vadodara- 390004.

6. Director, Indian Railways Institute of Transport Management (IRITM), Manak Nagar, Lucknow.

7. AM(traffic), AM(Commercial), AM(Rev.), PED (Vig.), EDTC(Rates), EDV(T), EDME(Freight), DF(C)-Railway Board for information please.

8. OSD/Member (O&BD), Railway Board - for kind ie of M

Dy. Director Freight Marketing

More on this subject

All freight circulars · Open this circular in the search app · Search all 6,739 documents