Need of Multi Modal Logistics Park (MMLP)
- In line with the nation’s rapid economic growth, India’s logistics sector is developing. The volume of freight transported across the country than quadrupled from 1,200 billion ton-kilometers in fiscal year 2008 to over 2,300 billion ton-kilometers in fiscal year 2015.
- The government projects that freight movement will increase in the country at a typical pace of 8% to 10% over the next ten years.
- The logistics sector is expected to expand overall through 2032 at a rate that is nearly 1.2 times that of India’s gross domestic product growth, rising from $115 billion in 2017 to $360 billion in value-added.
- The Road Transport and Highways, Shipping, Railways, Civil Aviation, Commerce and Industry, Finance, Home Affairs, and Department of Posts are just a few of the ministries that currently oversee various facets of the logistics value chain. Moreover, a sizable number of government organisations, such as the Central Drug Standard Control Organization, the Food Safety and Standards Authority of India, and the Plant and Animal Quarantine Certification Service, offer pertinent trade approvals and have an effect on the value chain. Leading nations that have excelled in logistics have a fully integrated strategy, and the government coordinates monitoring of the entire logistical value chain.
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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