May 15, 2017 8:00 PM

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Govt plans multimodal logistic parks for Rs 33000 cr investment

The government has planned to build multimodal logistic parks at 15 places across the country with an investment of 33 thousand crore rupees in a bid to bring down costs incurred on logistics. <br/><br/>The National Highways Authority of India (NHAI) today inked a pact with the Tamil Nadu Industrial Development Corporation Limited in New Delhi today, for the development of a multimodal logistics park in the Ponneri Industrial Node area near Kamarajar Port in Tamil Nadu. <br/><br/>Speaking on this occasion, Road and Transport Minister Nitin Gadkari said, it is an important agreement for the development of an integrated, multi-modal transport infrastructure in the country. <br/><br/>He said, the proposed logistics parks will bring down the overall freight costs, reduce vehicular pollution and congestion and will enable reduction of warehousing costs.

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