For transportation of Liquified Natural Gas (LPG) through barges on National Waterways-1 and National Waterways-2, an MoU has been signed between Inland Waterways Authority of India (IWAI) and MOL (Asia Oceania) Pte. Ltd.
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The world’s largest gas carrier company, MOL Group will invest for construction and operation of dedicated LPG barges under Make-in-India initiative, the Ministry of Ports, Shipping and Waterways said in a statement.
Handling LPG by inland waterways will help reduce the carbon footprints, lowering the overall logistics cost, which in India stands approx. 13 to 14% of GDP, compared to global average of 8% and contributing to Government social schemes like “UJJAWLA” for LPG supply.
