Swift Development of Modern Multi Modal Logistics Parks under Bharatmala Pariyojna

• 25 Aug 2022

A tripartite agreement for swift development of modern Multi Modal Logistics Parks (MMLPs) under Bharatmala Pariyojna across the country was signed by the National Highways Logistics Management Limited (NHLML), Inland Waterways Authority of India (IWAI) and Rail Vikas Nigam Limited (RVNL).

Objective

• The objective of the agreement is to centralize freight consolidation and reduce logistics cost from 14 per cent to less than 10 per cent of GDP at par with International Standards.

Benefit

• This is an effect for a swift, efficient, economical and environment friendly logistics movement across the country.
• It will provide seamless modal shift, MMLPs will ensure that cargo is swapped or shifted from and to Waterways, Dedicated Freight Corridors and Road Transport. This is building the Nation through Gati Shakti.

About Multi Modal Logistics Parks

• MMLP will be a freight handling facility with rail and road accessibility, comprising of container terminals, cargo terminals (bulk, break-bulk), warehouses, cold storage, facilities for mechanised material handling and value-added services such as customs clearance with bonded storage yards, quarantine zones, testing facilities and warehousing management services etc. along with other associated facilities.