Tripartite MoU signed for MMLP under Bharatmala Pariyojna

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

• 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.