As part of the PM Gati Shakti-National Master Plan for Multi-Modal Connectivity and the Bharatmala Pariyojana project, the government plans to develop 35 MMLPs (Multi-Modal Logistics Parks) to strengthen logistic and build transportation hubs in the country for seamless connectivity via road, rail, and water. In the coming years, the MMLP projects will create over 2 lakh job opportunities. They aim to reduce logistics cost from 13-14% of India’s GDP to approx. 8-10% observed by developed countries.
CBRE South Asia Pvt. Ltd, a leading consulting firm, has been appointed as the advisor for the development of the MMLP in Chennai, the foundation stone of which was laid by Prime Minister Narendra Modi recently.
The MMLP is expected to be a cutting-edge facility with smart technologies that will address the long-standing “last-mile” delivery difficulty. Warehouses, cold storage, cargo terminals, custom facilities, truck terminals, accommodation and boarding facilities for truckers, commercial facilities, and the ability to handle diverse commodities will all be provided. The development of the MMLP would allow shippers a flexibility to choose between different modes of transportation.
