AITWA introduces ‘Carriage by Road Cost Index’ at ‘Trade Manthan’

The All India Transport Welfare Association (AITWA) recently hosted a workshop called ‘Trade Manthan’ in New Delhi. The event was attended by leading transport companies from across the country along with the representatives from the Ministry of Road Transport and Highways. At this workshop AITWA unveiled ‘Carriage by Road Cost Index (CRI)’ which was prepared and presented by Mahendra Arya, President, IRTDA. CRI has been designed to reflect the effects of changes in the input prices of transportation on the overall costing. It also defines the share of cost of different components like diesel, tyre, toll, capital investment, maintenance and road taxes—for the first time in India.