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Trending

Centre to develop logistics parks in 35 clusters

by Maritimegateway
March 15, 2017
in Trending
Reading Time: 1 min read
A A
Logistics Park

As many as 35 clusters, accounting for half the total freight movement, have been identified for building logistics parks to improve the existing transportation and warehousing scenario in the country.

Of the total number of proposed logistics parks, 15 would be developed across states including Punjab, Haryana, Gujarat, Maharashtra and Uttar Pradesh.

The proposed parks would reduce transportation cost by 10 per cent for the industries in the 35 clusters, thereby enabling freight movement on higher sized trucks and rail.

Locations for development of Multimodal Logistics Parks have been prioritized based on the level of production and consumption activity in a particular city, as measured by the total freight flows from a city, the quality of road and rail connectivity to the city and the importance of the city in the international trade.

NHAI will be the nodal agency for the development of the first set of Multimodal Logistics Parks, it would form a Special Purpose Vehicle (SPV) with the State Governments. Within the SPV, the State Governments are expected to provide the land for the development of Multimodal Logistics Parks and NHAI will be responsible for developing the required trunk infrastructure, in collaboration with railways and other ministries/ authorities (IWAI, aviation, etc.) as required.

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The Maritime Gateway Editorial Team delivers trusted news, analysis, and insights on shipping, ports, logistics, supply chains, and global trade, backed by industry expertise and editorial review.

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