Industrial corridors can really facelift earthen looks of India, critically anlyse?
Answers
The answer to this question lies in understanding the various geographic and economic factors that must be carefully analyzed to lower sunk costs, fixed costs, variable costs and cost of logistics. ‘Cost of logistics’ refers to the costs of transportation and distribution which will be low only when there exists a multi-modal transportation system that is quick, cheap, efficient and links production centers to end markets. It is in the logistics space that India lacks the required infrastructure, because of which there are unwarranted delays in end to end transportation, transit damages and high insurance claims which bump up the price thereby eroding price competitiveness of Indian goods in international market and inflation in domestic markets.