MULTI MODAL LOGISTICS PARK (Syllabus: GS Paper 3 – Economy)

Context: NHAI has signed an agreement with M/s. DC Multi Modal Park (Nagpur) Limited, a SPV of M/S. DeltaBulk Shipping India Pvt. Ltd., for the development of Multi Modal Logistics Park (MMLP) at Nagpur.

• This project is poised to be the first MMLP in Maharashtra under the PM Gati Shakti National Master Plan, making it a significant milestone in the country's development.

Key Points

• The multi-modal logistics park (MMLP) will undergo development in three phases.
• Phase-I of the Project: It  involves an investment of ₹137 crore and is anticipated to be completed within two years.
• The MMLP is designed to handle approximately 9.47 million tonnes (MT) of cargo over a span of 45 years.
• The logistics park is expected to significantly enhance industrial activity in the surrounding areas, benefiting regions such as Nagpur, Wardha, Chandrapur, and Gondiya.

Multi-Modal Logistics Park (MMLP)

• About: MMLP as an inter-modal freight-handling establishment comprising warehouses, dedicated cold chain facilities, freight or container terminals and bulk cargo terminals.

oIt eases and optimizes merchandise movement via road, rail, waterway and air.

Significances of MMLP

• Minimise Costs of Logistics: It aims to reduce India’s logistics costs from the current about 14% of GDP to less than 10% of GDP, on par with international standards. 
• Efficient Inventory planning: Regional logistics parks can provide end-to-end visibility of inventory, collaboration, agility and optimization. 
• Maximise Utilisation of Assets: It helps in the proper utilisation of assets as the transit time is less and the goods vehicles and the other hardware are free to use for the other business or purposes. 
• Environment Friendly: Increased freight movement on higher sized trucks and rail will enable in reduction in CO2 emissions.