{"id":7980,"date":"2022-11-15T07:09:43","date_gmt":"2022-11-15T01:39:43","guid":{"rendered":"https:\/\/vajiramandravi.com\/current-affairs\/?p=7980"},"modified":"2025-03-29T00:08:55","modified_gmt":"2025-03-28T18:38:55","slug":"multimodal-logistics-park","status":"publish","type":"post","link":"https:\/\/vajiramandravi.com\/current-affairs\/multimodal-logistics-park\/","title":{"rendered":"Multimodal Logistics Park"},"content":{"rendered":"<h2><strong>About Multimodal Logistics Park:<\/strong><\/h2>\n<ul>\n<li>To set up the country\u2019s first MMLP, the Centre and Tamil Nadu government have come together to form a special purpose vehicle (SPV), which is amongst National Highways Logistics Management, Rail Vikas Nigam, Chennai Port Authority and Tamil Nadu Industrial Development Corporation.<\/li>\n<li>The estimated project cost is \u20b91,424 crore and the total concession period is 45 years.<\/li>\n<li>The project would likely be monitored by the highest levels of the government, as it falls under the high-priority list of projects inaugurated by Prime Minister Narendra Modi under the Centre&#8217;s project monitoring system.<\/li>\n<li>These parks will also facilitate intermodal transportation \u2013 roads, railways, and inland waterways, with the aim of strengthening and diversifying the logistics system.<\/li>\n<\/ul>\n<h3><strong>Logistics costs:<\/strong><\/h3>\n<ul>\n<li>MMPLs will play a crucial role in reducing logistics costs.<\/li>\n<li>India\u2019s logistics cost as a percentage of GDP is very high at 16 per cent, while in developed countries such as the US and Europe, it is around 8 per cent.<\/li>\n<li>China\u2019s logistics costs are 10 per cent.<\/li>\n<li>The government wants to\u00a0<strong>bring down the logistics cost to 10 per cent of GDP.<\/strong><\/li>\n<li>Under the\u00a0<strong>PM Gati Shakti National Master Plan (NMP)<\/strong>, launched in October 2021, the Road Ministry is developing\u00a0<strong>35 MMLPs, of which 15 MMLPs are being prioritised in the next three years.<\/strong><\/li>\n<\/ul>\n<hr \/>\n<p><strong>Source :\u00a0<\/strong><a href=\"https:\/\/www.thehindubusinessline.com\/companies\/ril-to-develop-indias-first-multi-modal-logistics-park-near-chennai\/article66124710.ece\" target=\"_blank\" rel=\"nofollow noopener\">The Hindu<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Multi-Modal Logistics Parks is a key policy initiative of Government of India, led by National Highways<\/p>\n","protected":false},"author":5,"featured_media":7981,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":{"0":"post-7980","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-upsc-prelims-current-affairs","8":"no-featured-image-padding"},"acf":[],"_links":{"self":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/7980","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/comments?post=7980"}],"version-history":[{"count":0,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/7980\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media\/7981"}],"wp:attachment":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media?parent=7980"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/categories?post=7980"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/tags?post=7980"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}