Why in News?
Andhra Pradesh Cabinet has approved the establishment of the AP Logistics Infrastructure Corporation (APLINC) and an AP Logistics Fund to strengthen logistics infrastructure and reduce costs.
Key Highlights:
- Formation of APLINC as an integrated holding company.
- Creation of AP Logistics Fund as an Alternative Investment Fund (AIF).
- Aim: Mobilize institutional investments for infrastructure projects.
- Focus on integrating road, inland waterways, and sea transport.
- Implementation support through Andhra Pradesh Maritime Board.
