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Tripartite MoU signed for MMLP under Bharatmala Pariyojna

  • Posted By
    10Pointer
  • Categories
    Polity & Governance
  • Published
    26th Aug, 2022

Context

The road, railway, and shipping ministries recently signed a Memorandum of Understanding (MoU) to develop Multi Modal Logistics Parks (MMLP). 

  • The agreement was signed under Bharatmala Pariyojana.


Objective

The tripartite agreement was signed by-

  • National Highways Logistics Management Limited (NHLML): a Special Purpose Vehicle (SPV) of National Highway Authority (NHAI) of Ministry of Road Transport & Highways
  • Inland Waterways Authority of India (IWAI): statutory authority under the Ministry of Ports, Shipping & Waterways. 
  • Rail Vikas Nigam Limited (RVNL): a wholly owned Public Sector Enterprise under the Ministry of Railways. 
  • To centralize freight consolidation and reduce logistics cost from 14% to less than 10% of GDP at par with International Standards. 
  • To centralize freight consolidation.
  • To improve the standards in the country at par with international standards
  • The MoU aims to make the MMLPs a one-stop solution for cargo movements such as parking, custom clearance, maintenance of trucks, etc.

About Multi Modal Logistics Park (MMLP)

  • MMLP will be a freight handling facility with rail and road accessibility. 
  • It will be comprising of-
    • Container terminals
    • Cargo terminals (bulk, break-bulk)
    • Warehouses
    • Cold storage
    • Facilities for mechanized material handling
    • Value-added services such as customs clearance with bonded storage yards, 
    • Quarantine zones
    • Testing facilities
    • Warehousing management services etc. along with other associated facilities. 
  • Developed under a ‘Hub & Spoke’ model, the MMLP will integrate multiple modes of freight transport through highways, railways & inland waterways. 
  • The agreement underlines the cooperation & collaboration model between the three bodies in order to achieve efficiency in logistics movement within the country. 
  • The MMLP project is poised to develop state-of-the-art large scale warehousing facilities for different types of commodities, to become a one stop solution for all services related to cargo movement like warehousing, custom clearance, parking, maintenance of trucks etc. 
  • The MMLPs will focus on a technology driven implementation for a state-of-the-art freight management system. 

Many value added services like packaging, repackaging and labelling will be available in these projects.

Verifying, please be patient.

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