The Multimodal Logistics Parks (MMLPs) are turning out to be ideal platforms for industry stakeholders to leverage. The case in point is Transport Corporation of India Limited (TCI) which has signed a Letter of Intent (LoI) with the National Highways Authority of India (NHAI) for the development and furthering of ‘Multi-Modal Logistics Parks’.
The LoI, on behalf of TCI, was signed by Rajkiran Kanagala, group head-business development, and on behalf of NHAI, was signed by Ravinder, general manager (tech), NHAI.
It has just been announced by the government that it will develop 35 MMLPs in the country, which will bring down the logistics costs to a great extent and help the country’s economy.
The announcement was made by Union minister for road transport, highways and shipping Nitin Gadkari at the inauguration of the India Integrated Transport and Logistics Summit (IITLS), which aims to facilitate constructive dialogue for the development of multimodal infrastructure in the country.
The three-day summit, which ends on 5 May, will see different agencies, both public and private, mooting multimodal infrastructure in the country through close coordination between various agencies involved in planning and developing transport infrastructure.
“We have earmarked 36 ring roads in the country that will have logistics parks. We have also consulted several stakeholders for the projects. For the MMLPs, land parcels have been identified and pre-feasibility studies initiated at six of these locations,” Gadkari was quoted as saying to news agencies, adding, “the parks will be developed jointly by the NHAI, the National Highways Infrastructure Development Corporation, and the respective state governments”.
According to the minister, MMLPs will serve 50 per cent of the freight movements, enable 10 per cent reduction in transportation costs and 12 per cent cut in C02 emissions. “The government is also working to formulate a uniform policy for the development of MMLPs,” he added.
