Multi-Modal Logistics Parks: Benefits, Trends, and Scope
The logistics industry in India faces several challenges. Two of the problems include not having enough infrastructure and having to deal with high costs to operate. Therefore, the Indian government is taking steps to improve how logistics work, like setting up Multi-Modal Logistics Parks (MMLPs) at key locations.
As part of the PM Gati Shakti Yojana, the government is building these multi-modal logistics parks to help India’s economy grow. Recently, the government decided to extend the time these parks can be used for from 45 years to 75 years to make this initiative even stronger.
Let’s now look at the idea of multi-modal logistics parks in detail.
About Multi-Modal Logistics Parks
Multi-Modal Logistics Parks are facilities jointly developed by government bodies and private sector entities to enhance transportation efficiency. Positioned on the city outskirts, the main hub ensures connectivity via ports, railways, airports, and roads. They are equipped to handle diverse cargo types from liquid to containers, tailored to regional economic needs.
They also offer value-added services to optimize supply chain operations, aiming to reduce logistics costs and enhance sustainability. The key features are as follows –
- Integration of multiple modes of transportation (road, rail, waterways, air)
- Warehousing facilities for storage and consolidation
- Custom clearance and documentation services
- Connectivity to major industrial hubs and ports
- Infrastructure for handling various types of cargo efficiently
- Technology-driven solutions for tracking and monitoring shipments
- Eco-friendly practices for sustainability
Additionally, smaller distribution hubs within city limits, known as spokes, are linked to the main industrial park spaces, facilitating seamless logistics operations. This approach fosters export competitiveness, accelerates trade, and mitigates regional disparities.
Furthermore, by adhering to international standards, Multi-Modal Logistics Parks enable cost-effective warehousing and material handling, crucial for lowering the industry’s cost-to-GDP ratio.
Reasons for the Need for Multi-Modal Logistics Parks in India
With a burgeoning economy and expanding trade networks, the challenges plaguing India’s logistics sector have become increasingly apparent. Here are some underlying issues that need to be solved through multi-modal logistics parks –
- Current logistics infrastructure is fragmented across various modes.
- Existing transportation hubs suffer from congestion, causing delays and increasing transit times.
- Inadequate smart warehousing facilities result in poor inventory management and increased logistics costs. This also affects the competitiveness of Indian industries.
- Insufficient last-mile connectivity impacts timely delivery and increases the cost of logistics operations.
- Aging infrastructure needs modernization to meet the demands of a growing economy and evolving supply chain requirements.
- Inefficient logistics contribute to increased emissions and environmental degradation, necessitating sustainable solutions.
Benefits with Multimodal Integration
Apart from enhanced connectivity, multi-modal logistics parks promote sustainability by encouraging the use of eco-friendly transportation options. So, by offering access to rail and waterways, these parks help reduce road congestion and carbon emissions, contributing to a cleaner environment.
Innovation in action
- MMLPs are collaborative ecosystems that facilitate interactions between businesses, researchers, and entrepreneurs. This results in the creation of new ideas and technologies.
- Implement smart infrastructure solutions to optimize energy usage, water management, waste disposal, and overall sustainability. Incorporating IoT sensors, AI algorithms, and data analytics can help monitor and optimize resource consumption in real-time.
- Embrace flexible workspace concepts such as co-working spaces, hot-desking, and shared facilities. This fosters easy collaboration and promotes a dynamic working environment.
- Design the business park with ample green spaces, walking trails, and recreational facilities to promote employee wellness and mental health.
- Establish incubator and accelerator programs to support startups and entrepreneurs within multi-modal logistics parks.
- Finally, embrace sustainable practices across all aspects of business park operations, including construction, energy usage, waste management, and transportation. Consider renewable energy sources, green building certifications, and carbon offset initiatives to minimize environmental impact.
Altogether take initiatives to turn multi-modal logistics parks into grade A logistic parks and create vibrant, sustainable, and future-ready ecosystems.
Scope for West Bengal with Industrial Parks
Amidst the demand for industrial infrastructure, emerges a beacon of promise: Magna Star Industrial Park in Singur. With a legacy of excellence in West Bengal’s real estate sector, we address the pressing need for modern industrial spaces. Proximity to key transportation hubs and strategic location unlock unparalleled growth opportunities. Moreover, comprehensive amenities ensure optimal productivity, marking Magna Star as a pivotal solution for businesses seeking expansion.
Kolkata to Offer Land for Bengal’s First MMLP – Future Outlook
In Kolkata, the Syama Prasad Mookherjee Port, also known as Kolkata Port, is another step towards progress. The project is allocating 60 acres of its land for the establishment of West Bengal’s premier multi-modal logistics park. This strategic move, situated just 2 km from the port docks, aims to revolutionize logistics operations in the region.
The proposed park will offer a variety of facilities including warehousing, cold chain packaging, and transportation services. With a focus on enhancing connectivity and efficiency, over 25 acres of space will be available.
Strategically located near highways and with connectivity to neighbouring countries, this initiative addresses the pressing need for modern logistics facilities in West Bengal. This in turn will stimulate economic growth.
Hence concluded, industrial parks can be a game-changer for the region.
