New Delhi [India]April 30 (ANI): Multi Modal Logistics Park Limited, Nagpur (MMLP Nagpur) started their commercial operation with a goal to establish a sharp link of logistics in Sindi near Wardha, on Wednesday, the Ministry of Road Transport and Highways said in a statement by the Ministry of Road Transport and Highways on Wednesday.
MMLP Nagpur, established by National Highway Logistics Management Limited (NHLML), received the first rake of 123 Maruti cars from East-Farukhnagar on 28 April, a 100 percent-owned company of National Highways Authority of India (NHAI), which was a major achievement for convenience.
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Multi Modal Logistics Park Limited has signed an agreement with a private developer for the Multi Modistics Park (MMLP) in an area of 150 acres under a public-private partnership model with a 45-year concession period at an estimated cost of Rs 673 crore. Phase I will be developed with an investment of Rs 137 crore.
An Authority SPV, Maharashtra MMLP Pvt. Ltd. is formed between National Highway Logistics Management Limited (NHLML) and Jawaharlal Nehru Port Authority (JNPA). The Authority SPV has to provide land, external rail and road connectivity, as well as water and power supply for the development of MMLP.
The ministry said in the statement that MMLP will provide warehouse, cold storage, intramedal transfer, handling facilities for container terminals, bulk/brake-ball cargo terminals such as vended services such as sorting/grading and aggregation/desegregation areas, bonded warehouse and customs along with facilities. Terminal.
The development of MMLP Nagpur will help in improving the goods carrying sector of the country by enabling the efficient intramedal freight movement to reduce the freight cost and time and can provide efficient warehousing, better tracking and tracability of consignment, which increases the efficiency of the Indian logistics sector. This will further create employment opportunities and will bring it into economic development in the region. (AI)
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