Chennai: Tamil Nadu will build its first multi-capital logistics park in Mappeda in the Tiruvallur district near the car manufacturing cluster and electronic Sriperumbudur and Oragadam.
This project will be executed at 1,200 crore Rs costs in 158 hectares of land owned by Chennai Port Trust.
Which will be established under the Public Public Model Partnership (PPP), the park will address industrial needs by reducing logistics costs to help them become globally competitive.
This project is expected to produce 10,000 jobs.
A Mou was signed in Chennai on Tuesday between Nhai’s Tidco and Nhai Arm, National Highway Logistics Management Ltd (NHLML) for Multimodal Logistics Park, in front of the Chairman of M K Stalin and Minister of Industry Minister Thangam Thangam.
Minister of Union for road transportation and Jalan Raya Nitin Gadkari and Sarbanou Sonowal, ministers for ports, shipping and waterways participated through video conference facilities.
The central logistics park project, implemented together with countries, seeks to reduce shipping costs by reducing operational delays through internal warehousing, cold storage and customs facilities.
Congestion in the movement of goods will be overcome through road connectivity and direct train with other main transportation ports and destinations.
Stalin said, “This multi-capital logistics park comes close to a group of main industries of Sripipumbudur, Milapakkam and Oragadam.
It will have a warehouse, cold storage facilities and train connectivity.
It is also located close to CPRR (Chennai Peripheral Road Project) to connect with Chennai airport and sea port, besides Port Ennore and Kattupalli.
“This country wants to reduce logistics costs to transport manufacturing products from industrial clusters.
It has done several steps to solve problems related to logistics costs to transport goods.
“Chennai – Bengaluru Expressway, which has been planned until Irungaatukotai near Sriparumbudur must be extended to Chennai Airport,” said Minister of Stalin’s head, overcoming the minister of trade unions.
Tidco has been holding hands with consultants to overcome this problem, he added.
“We are preparing a logistics plan for the country and designated E & Y to suggest how to ensure ease of transport multi-mode goods to reduce costs.
They must submit a report in about 4-6 months,” said senior officials with the State Government to Tii .
“At present, logistics costs are the main components for global trade, with China have advantages at 8% -9% of GDP.
In India, it is 14% -15%.
This step involving the country, center and by train, will be a lot Helps bridge the gap and make Tamil Nadu compete, “the official said.
In addition, Tidco and NHLML, this project will involve the Kitraan Railway Vikas Nigam Ltd (RVNL).
“We have been in the process of choosing concession holders to implement the project,” said Official with Tidco.