{"id":31735,"date":"2024-11-05T18:06:48","date_gmt":"2024-11-05T12:36:48","guid":{"rendered":"https:\/\/www.nextias.com\/ca\/?p=31735"},"modified":"2024-11-05T18:06:50","modified_gmt":"2024-11-05T12:36:50","slug":"dedicated-freight-corridors-dfcs","status":"publish","type":"post","link":"https:\/\/www.nextias.com\/ca\/current-affairs\/05-11-2024\/dedicated-freight-corridors-dfcs","title":{"rendered":"Dedicated Freight Corridors (DFCs)"},"content":{"rendered":"\n

Syllabus: GS3\/Economy<\/strong> <\/p>\n\n\n\n

In News :<\/strong><\/h2>\n\n\n\n
    \n
  • A study by the University of New South Wales highlights that Dedicated Freight Corridors <\/strong>have positively influenced India’s GDP<\/strong>.<\/li>\n<\/ul>\n\n\n\n

    About the Study<\/strong><\/h2>\n\n\n\n
      \n
    • The research utilized diverse data, including freight costs, industry inputs, and population statistics, and concluded that the DFCs significantly benefited western regions<\/strong> and lower per-capita GDP states through reduced freight costs.<\/strong><\/li>\n\n\n\n
    • DFCS has boosted Indian Railways’ revenue by 2.94% between FY 2018\u201319<\/strong> and FY 2022\u201323. The improved efficiency in freight transport has led to reduced freight costs and shorter travel times<\/strong>, contributing to a 0.5% reduction in commodity prices.<\/strong><\/li>\n<\/ul>\n\n\n\n

      What are Dedicated Freight Corridors (DFCs)?<\/strong><\/h2>\n\n\n\n
        \n
      • They\u00a0 are dedicated routes for freight transport that allow for faster and higher-capacity transport, improving supply chains and boosting export-import activities.<\/li>\n\n\n\n
      • The DFC initiative was announced in the Railway Budget for FY 2005-06<\/strong>.\n
          \n
        • The Dedicated Freight Corridor Corporation of India Limited (DFCCIL)<\/strong> was established as a Special Purpose Vehicle in 2006<\/strong> for the corridors’ construction and operation.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n

          Latest Developments<\/strong>\u00a0<\/h2>\n\n\n\n
            \n
          • Two DFCs were initiated by the Ministry of Railways in 2006:\n
              \n
            • Eastern Dedicated Freight Corridor (EDFC)<\/strong>: 1,337 km from Sonnagar, Bihar to Sahnewal, Punjab (completed).<\/li>\n\n\n\n
            • Western Dedicated Freight Corridor (WDFC)<\/strong>: 1,506 km from Jawaharlal Nehru Port, Mumbai to Dadri, Uttar Pradesh (93% commissioned, expected completion by December 2025).<\/li>\n<\/ul>\n<\/li>\n\n\n\n
            • In addition to the Eastern and Western Dedicated Freight Corridors (DFCs), India has proposed four more DFCs:<\/strong>\n
                \n
              • East-West DFC: <\/strong>Kolkata to Mumbai<\/li>\n\n\n\n
              • North-South DFC:<\/strong> Delhi to Chennai<\/li>\n\n\n\n
              • East Coast DFC:<\/strong> Kharagpur to Vijayawada<\/li>\n\n\n\n
              • Southern DFC:<\/strong> Chennai to Goa<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n

                Need for Dedicated Freight Corridors (DFCs)<\/strong><\/h2>\n\n\n\n
                  \n
                • Alleviate congestion:<\/strong> The Golden Quadrilateral of Indian Railways<\/strong> connects major metros\u2014Delhi, Mumbai, Chennai, and Howrah\u2014and is overburdened<\/strong>.\n
                    \n
                  • Dedicated Freight Corridors (DFCs) will reduce congestion, improve efficiency, and support India\u2019s growing transport demands.<\/li>\n<\/ul>\n<\/li>\n\n\n\n
                  • Boosting Freight Efficiency and Reducing Travel Time: <\/strong>DFCs provide dedicated tracks for freight, allowing faster and uninterrupted movement of goods.<\/li>\n\n\n\n
                  • Economic Impact:<\/strong> Aim to reduce logistics costs, benefiting industries and increasing revenue for Indian Railways. FY 2018-19 and FY 2022-23, DFCs contributed to a 2.94% revenue growth for Indian Railways.<\/li>\n\n\n\n
                  • Reduced Freight Costs and Commodity Prices:<\/strong> DFCs improve efficiency, lower transportation costs, and can reduce commodity prices.<\/li>\n<\/ul>\n\n\n\n

                    Source: IE<\/p>\n","protected":false},"excerpt":{"rendered":"

                    A study by the University of New South Wales highlights that Dedicated Freight Corridors have positively influenced India’s GDP.<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-31735","post","type-post","status-publish","format-standard","hentry","category-current-affairs"],"acf":[],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/posts\/31735","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/comments?post=31735"}],"version-history":[{"count":1,"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/posts\/31735\/revisions"}],"predecessor-version":[{"id":31736,"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/posts\/31735\/revisions\/31736"}],"wp:attachment":[{"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/media?parent=31735"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/categories?post=31735"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/tags?post=31735"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}