Context
The road, railway, and shipping ministries recently signed a Memorandum of Understanding (MoU) to develop Multi Modal Logistics Parks (MMLP).
- The agreement was signed under Bharatmala Pariyojana.
Objective
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The tripartite agreement was signed by-
- National Highways Logistics Management Limited (NHLML): a Special Purpose Vehicle (SPV) of National Highway Authority (NHAI) of Ministry of Road Transport & Highways
- Inland Waterways Authority of India (IWAI): statutory authority under the Ministry of Ports, Shipping & Waterways.
- Rail Vikas Nigam Limited (RVNL): a wholly owned Public Sector Enterprise under the Ministry of Railways.
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- To centralize freight consolidation and reduce logistics cost from 14% to less than 10% of GDP at par with International Standards.
- To centralize freight consolidation.
- To improve the standards in the country at par with international standards
- The MoU aims to make the MMLPs a one-stop solution for cargo movements such as parking, custom clearance, maintenance of trucks, etc.
About Multi Modal Logistics Park (MMLP)
- MMLP will be a freight handling facility with rail and road accessibility.
- It will be comprising of-
- Container terminals
- Cargo terminals (bulk, break-bulk)
- Warehouses
- Cold storage
- Facilities for mechanized material handling
- Value-added services such as customs clearance with bonded storage yards,
- Quarantine zones
- Testing facilities
- 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 facilities for different types of commodities, to become a 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.
