Agreement Signed for Multi-Modal Logistics Park Development in Varanasi

The National Highways Logistics Management Limited (NHLML) and the Inland Waterways Authority of India (IWAI) signed a Memorandum of Understanding (MoU) on Tuesday to develop a Multi-Modal Logistics Park (MMLP) in Varanasi, Uttar Pradesh. The initiative is part of the government’s broader plan to enhance logistics efficiency and connectivity in the region.

The upcoming logistics hub will span 150 acres and be strategically connected to National Highway 7 (NH7) via a 650-meter access road. Additionally, it is just 1.5 km from the NH7-NH2 junction, ensuring seamless road connectivity. The Eastern Dedicated Freight Corridor (EDFC) will also be accessible through a 5.1 km railway line from Jeonathpur Station, while the site will benefit from proximity to National Waterway-1 (NW-1) and is 30 km from Lal Bahadur Shastri Airport.

Government’s Goal to Cut Logistics Costs

An official from the IWAI highlighted that the economic survey indicated current logistics costs across sectors stand at approximately 20%. “The government’s aim is to bring this down to 7-8%, and projects like the Multi-Modal Logistics Park will play a crucial role in achieving this goal,” the official stated.

Chennai’s Multi-Modal Logistics Park as a Model

The first such multimodal logistics park in India was launched in Chennai in November 2022, integrating maritime transport with multiple ports in the region. This facility is located 50 km from Chennai Port, 80 km from Ennore Port, and 87 km from Kattupalli Port, serving as a model for upcoming projects like the Varanasi MMLP.

The new Varanasi logistics park is expected to boost trade, improve freight movement, and support economic growth in Uttar Pradesh and surrounding regions.

Sources By Agencies

About Digital Scoop India Team

Check Also

China’s Inflation Turns Negative for First Time in a Year Amid Deflation Concerns

China’s Retail Inflation Drops Below Zero for the First Time in a Year

The National Bureau of Statistics reported on Sunday that the consumer price index (CPI) declined by 0.7% in February compared to a year earlier. This marks a sharp contrast to the 0.5% gain recorded in the previous month and surpasses Bloomberg economists' median forecast of a 0.4% drop.

Leave a Reply

Your email address will not be published. Required fields are marked *