India’s First Multimodal Logistics Park

Why in the News?

Recently, Reliance Industries Ltd (RIL) awarded project to make India’s first multimodal logistics park in Chennai, Tamil Nadu.

Key Points:

• It is one of the several flagship projects announced under the Bharatmala Project of the Ministry of Road Transport and Highways (MoRTH), which envisions the building of 35 such MMLPs.

About Multi Modal Logistics Parks (MMLP):

• It forms a key policy initiative of the Government of India, which is aimed at improving the freight logistics sector.

• It will integrate multiple modes of freight transport through highways, railways & inland waterways.
• Developed under a ‘Hub & Spoke’ model.
• Objective:  To centralize freight consolidation and reduce logistics costs.

Advantages of MMLP: 

• Provide seamless modal shift

• Reduce congestion
• Improved warehousing
• Economic and environment-friendly logistic movement
• Empower and energies the economies scale via PM Gati Shakti
• One-stop solution for all services related to cargo movement like warehousing, customs clearance, parking, maintenance of trucks, etc.

News Source: BS