IWAI And Amazon Sign MoU

  • A Memorandum of Understanding was signed between the Inland Waterways Authority of India (IWAI) and Amazon Seller Services Private Limited.
  • For promoting cargo movement and transportation of customer shipments & products via inland waterways using river Ganga (National Waterway 1).
  • The inauguration was done by the Union Minister of Ports, Shipping & Waterways (MoPSW) and Ayush, Mr Sarbananda Sonowal.
  • According to a World Bank Report, rail and road transport consume 18.5% and 91.6% more fuel than water transport, making it the most environmentally friendly mode of transportation.
  • Amazon will be able to utilize all possible modes of transport in the country, including Rail, Air, Water, and Surface, to ensure faster, cost-effective, sustainable and more reliable delivery of customer packages and provide a wider reach to its millions of sellers.
  • It will benefit Amazon by lowering its transportation costs.
  • It will open up new possibilities for all e-commerce companies to leverage the extensive inland waterways in India.
  • Up to 2023, the cargo handled by the Inland Waterways is 126 MMT.
Posted in Current Affairs.