Arshiya Intl gets licence to run box train

Mumbai: Arshiya International, a global supply chain services company, has been awarded the licence to run container freight trains (CFT)on a pan-India basis by Indian Railways, said a company statement.

The company plans to utilise this opportunity to link its various Free Trade Warehousing Zones and Container Freight Stations across India for rapid movement of freight.

Earlier, Arshiya had earmarked Rs 350-425 crore for setting up the railway links, of which the first phase would incur an investment of Rs 125-175 crore. It would be towards acquiring rakes and building other infrastructure to support the same. The phase I of the project is expected to be complete by end 2009.

Arshiya has a target to set up six more warehouses in the next five years, out of which one will be at an overseas location and five in India.