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23/06/22 21:10 PM IST

Multi-modal logistics parks (MMLPs) scheme

In News 
  • The Centre has extended the concession period for its ambitious multi-modal logistics parks (MMLPs) scheme from 30 to 45 years.
MMLPs scheme 
  • The government has planned to build 35 such mega freight-and-transport hubs under its flagship Bharatmala scheme, aiming to smoothen freight mobility, improve efficiency and reduce logistics costs.
  • The logistics sector in India has been accorded “infrastructure” status in 2017, facilitating the availability of debt on easier terms and access to external commercial borrowings. India’s logistics costs are at 14% (world average 7-8%).
  • India ranks 44 in the World Bank Logistics Performance Index
  • MMLPs have five key functions:freight aggregation and distribution, multimodal freight transport, integrated storage and warehousing, information technology support, and value-added services.
Source- Live Mint

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