On August 24, the tripartite agreement was signed for swift development of modern Multi Modal Logistics Parks (MMLP) under Bharatmala Pariyojna across the country with an objective to centralize freight consolidation and reduce logistics cost from 14% to less than 10% of GDP at par with International Standards.
Key highlights
- The tripartite agreement was signed by National Highways Logistics Management Limited (NHLML), Inland Waterways Authority of India (IWAI) and Rail Vikas Nigam Limited (RVNL).
- Multi Modal Logistics Parks (MMLP) will be a freight handling facility with rail and road accessibility.
- It comprises 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.
- Developed under a ‘Hub & Spoke’ model, the MMLP will integrate multiple modes of freight transport through highways, railways & inland waterways.
- The agreement underlines the cooperation & collaboration model between the three bodies in order to achieve efficiency in logistics movement within the country.
- The MMLP project is poised to develop state-of-the-art large scale warehousing facility for different types of commodities, to become one stop solution for all services related to cargo movement like warehousing, custom clearance, parking, maintenance of trucks etc.
- The MMLPs will focus on a technology driven implementation for a state-of-the-art freight management system. Many value added services like packaging, repackaging and labelling will be available in these projects.
