Union government grants infrastructure status to logistics sector

The Union government has granted infrastructure status to the logistics sector. The inclusion of the logistics sector in the Harmonised Master List of Infrastructure Sub-sectors was considered during the 14th Institutional Mechanism Meeting held on November 10, 2017. The inclusion of logistics in the list of infrastructure sub-sectors will enable it to avail of infrastructure lending on easier terms with enhanced limits, access larger amounts of funds as external commercial borrowings, access longer-tenor funds from insurance companies and pension funds, and be eligible to borrow from India Infrastructure Finance Company Limited.