Developed under: “Hub & Spoke”
According to the MoU, a Hub and Spoke paradigm will be used to build the MMLPs. The Hub and Spoke distribution strategy is one. There is a central hub in the model. Either the hub serves as the origin or distribution point for the items. The center then distributes them to smaller businesses. Spokes are the names for these more compact businesses or places. The products are processed or supplied to towns and villages at spoke locations.
It will integrate several means of freight transportation through highways, railroads, and inland waterways and was developed using a “Hub & Spoke” paradigm. The agreement highlights the three organisations’ concepts of collaboration and cooperation for achieving efficiency in domestic logistics movement. Dedicated Freight Corridors (DFCs), roads, and waterways would all be used for the swapping or shifting of freight. Through Gati Shakti, the nation is being built in this way. The pact is a sincere effort to achieve this goal. The establishment of such effective stations will be extremely beneficial for India. MMLPs are intended to unravel the web of logistics activity and animate the logistics industry in order to propel the economy into a faster-growing phase. To become a one-stop shop for all services linked to cargo movement, such as storage, custom clearance, parking, truck repair, etc., the MMLP project is prepared to create cutting-edge large-scale warehouse facilities for various types of commodities.
MoU for Multi Modal Logistics Park (MMLP)
Modern large-scale warehouse facilities are expected to be developed as part of the Multi Modal Logistic Park project. It is establishing itself as a one-stop shop for all services associated to cargo transit, such as warehousing, customs clearance, parking, truck repair, etc., for all sorts of commodities. It will feature all the necessary amenities, including warehouses, rail sidings, cold storage, a customs clearing house, yard space, workshops, gas stations, truck parking, office space, boarding houses, restaurants, a water treatment facility, etc. The MMLP, which is being created according to a “Hub and Spoke” model, will integrate several modes of freight transportation via inland waterways, railroads, and roadways. The MMLP’s installation of a cutting-edge freight management system will be driven by technology. These projects will include many value-added services, including packaging, repackaging, and labeling. The MMLP will be a facility for handling freight that can be reached by both rail and road.
In order to build Multi Modal Logistics Park (MMLP) as part of the Bharatmala Pariyojana, the National Highways Logistics Management (NHLML), Inland Waterways Authority of India (IWAI), and Rail Vikas Nigam (RVNL) inked a tripartite Memorandum of Understanding. Under the Bharatmala Pariyojana, a tripartite MoU was inked to hasten the establishment of a contemporary Multi Modal Logistics Park (MMLP). The Bharatmala Pariyojana, an initiative of the Indian government, calls for the rapid creation of sophisticated Multi Modal Logistics Parks (MMLP) throughout the nation. The goal is to consolidate freight centrally and lower logistics spending from 14% of GDP to less than 10%, in line with international standards.
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