With the aim of enhancing logistics infrastructure in Bengaluru, the National Highways Logistics Management Limited (NHLML) has entered into an agreement for the development of a multi-modal logistics park (MMLP) in the city. This strategic development is part of the PM Gati Shakti initiative, which aims to strengthen the country's logistics and transportation network.
The proposed multi-modal logistics park in Bengaluru is expected to involve an investment of approximately Rs 1,770 crores. This initiative aligns with the government's broader goal of creating efficient and interconnected transportation and logistics hubs across the country. Such developments are crucial for improving the movement of goods and reducing logistical bottlenecks, ultimately boosting economic growth and competitiveness.
The NHLML, a subsidiary of the National Highways Authority of India (NHAI), will play a pivotal role in overseeing and managing the development of this multi-modal logistics park, which is expected to bring significant benefits to Bengaluru's business and trade sectors. This project holds the potential to transform the region's logistics landscape, making it more efficient and conducive to economic growth.
An agreement has been formalized between the government's special purpose vehicle (SPV), Bengaluru MMLP, and the concessionaire SPV PATH Bengaluru Logistics Park for the development of a multi-modal logistics park (MMLP) in Bengaluru. This landmark project is a part of the PM Gati Shakti National Master Plan, a comprehensive initiative aimed at strengthening the country's logistics and transportation network.
Spanning an expansive area of 400 acres, the MMLP is strategically located in Muddelinganahalli, within Bengaluru's rural district in Karnataka. It is poised to become the largest and the first-of-its-kind MMLP ever implemented in India, aligning with the government's vision to create efficient and interconnected logistics hubs across the nation.
The Bengaluru MMLP's strategic location ensures effortless logistics movement. It shares its eastern border with the upcoming KIADB Industrial Area. It is adjacent to NH 648 spanning from Dabbaspet to Hosur and is flanked by the Satellite Town Ring Road to the north. Moreover, it is in proximity to the vital Bengaluru-Hubli-Mumbai rail line on the southern side. With excellent connectivity, it sits merely 58 km away from Bengaluru Airport and a short 48 km from Bengaluru City Railway Station.
The project's development is planned in three phases, with the first phase slated for completion within two years. Over a concession period of 45 years, Bengaluru MMLP is projected to cater to approximately 30 million metric tonnes of cargo, delivering a significant boost to industrial zones in the catchment region, including Bengaluru and Tumkur.
A government SPV, formed in collaboration with National Highways Logistics Management Limited, Rail Vikas Nigam Limited, and Karnataka Industrial Area Development Board (KIADB), is overseeing the development of the MMLP.
This initiative represents a vital step by the Indian government to enhance the country's freight logistics sector. It aims to achieve more efficient inter-modal freight movement, lower overall freight costs and transit times, provide cutting-edge warehousing facilities, enhance consignment tracking and traceability, and ultimately, elevate the overall efficiency of India's logistics sector.
Image source: TOI