Varanasi to Gets its First MMLP; to Boost Economic Growth
In a significant move to revolutionize India’s logistics and freight transportation sector, National Highways Logistics Management (NHLM) has signed a Memorandum of Understanding (MoU) with Inland Waterways Authority of India (IWAI) to develop a multi-modal logistics park (MMLP) in Varanasi, Uttar Pradesh. This 150-acre MMLP is strategically located, connected to NH7 via a 650-meter access road and just 1.5 kilometers from the NH7-NH2 junction. This development is expected to give a significant boost to the economic growth of the region.
The MMLP is a flagship initiative of the government to transform India’s logistics sector by providing a seamless and efficient way of transporting goods across the country. The park will offer a range of facilities, including warehousing, cargo handling, and storage, making it an attractive option for businesses looking to set up operations in the region.
Varanasi, being a major commercial hub and a significant tourist destination, has the potential to drive economic growth in the region. The city is already witnessing significant development, with various infrastructure projects underway, including the Varanasi Metro Rail project and the expansion of the Varanasi Airport. The establishment of the MMLP will further enhance the city’s connectivity and make it an attractive destination for businesses, investors, and tourists alike.
The MMLP will provide numerous benefits to the logistics and freight transportation sector in the region. It will enable businesses to transport goods quickly and efficiently, reducing the time and cost of transportation. The park will also provide a platform for companies to consolidate their cargo, reducing the need for multiple handling and increasing the overall efficiency of the supply chain.
The development of the MMLP will also have a positive impact on the local economy. It will create job opportunities in the logistics and freight transportation sector, providing employment to thousands of people. Additionally, the park will attract new businesses and investments to the region, further boosting the local economy.
The MoU signed between NHLM and IWAI is a significant step towards realizing the government’s vision of transforming India’s logistics sector. The partnership will enable the two organizations to work together to develop and operate the MMLP, providing a seamless and efficient way of transporting goods across the country.
The development of the MMLP is part of the government’s efforts to improve the country’s logistics infrastructure. In recent years, the government has taken several initiatives to boost the logistics sector, including the development of new infrastructure, improving connectivity, and simplifying procedures. These efforts are expected to make India’s logistics sector one of the most efficient and cost-effective in the world.
In conclusion, the establishment of the MMLP in Varanasi is a significant development that is expected to boost economic growth in the region. The park will provide a range of facilities and services, including warehousing, cargo handling, and storage, making it an attractive option for businesses looking to set up operations in the region. The development of the MMLP is part of the government’s efforts to transform India’s logistics sector and is expected to have a positive impact on the local economy.
Source: https://www.logisticsoutlook.com/logistics/varanasi-to-gets-its-first-mmlp
