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You are here: Home » National News » Supply Chain» 1st Logistics Park to come up at Nagpur

1st Logistics Park to come up at Nagpur

13 February 2017 | Mumbai
 

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The first Logistics park to be set up by the Road Ministry and National Highway Authority of India (NHAI) as part of the Union Budget announcement a few days ago will come up at the home constituency of the Union Transport Minister Shri Nitin Gadkari.

Centre is drawing up a proposal to set up Warehousing zones on the outskirts of major cities through public private partnership while the NHAI has been entrusted with the task of setting up Logistics Parks announced by Finance Minister Arun Jaitley in the last budget. By setting up these parks the attempt is to bring down the Logistics costs by at least 50% so that Indian goods are competitive in global markets.

An effective Multi Modal Logistics and Transport sector will make our economy more competitive. In his budget speech the Finance Minister outlined the objective of setting up of these parks. A specific program for development of Multi Modal Logistics Parks together with transport facilities will be drawn up and implemented.

In fact the haulage capacity of Indian trucks is only one third of those in China and one fifth of those in the United States.

The proposed parks will attempt to enhance the average capacity of Indian trucks which is currently 12 metric tonnes. Bypass roads will be developed so that these huge trucks need not have to enter cities.

According to official estimates India spends fifteen per cent of the GDP on Logistics and Transportation while in developed countries the percentage is hardly eight, which India strives to bring it down to make its exports much more competitive in the global markets.

   
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