Multi-modal Logistics Parks (MMLP) in India: Check Benefits
A multi-modal logistic park is a strategically placed infrastructure facility, designed to optimise the movement of goods across various transportation modes. It is a key policy initiative of the Government of India, which plans to develop more than thirty-five MMLPs across India. The idea is to develop large logistical parks outside the cities and small parks within city limits facilitating a hub-and-spoke model of freight movement rather than point-to-point movement. Also, logistics costs in India are higher than that of developed countries. Thus it becomes the need of the hour to develop world-class logistics parks. Let us look at some benefits of a multi-modal logistics park in India. Global trade facilitation - An MMLP is officially defined as a freight-handling facility with a minimum area of 100 acres. The facility must provide various modes of transport access, mechanized warehouses, specialized storage solutions such as co...