It will enhance water-borne cargo volumes, reduce logistics cost
Ministry of Ports, Shipping and Waterways (MoPSW) intends to create Product Specific Warehouses/Silos at various Ports (including both Major and Non-Major Ports), Multi-Modal Logistics Parks located near Port area and alongside the National Waterways. The purpose of the development of this infrastructure is to reduce storage losses, minimize logistic costs and facilitate the distribution of cargo in the hinterland.
MoPSW is targeting to develop the product-specific Warehouses/Silos at ports for products such as Cement Silos, Liquid Tanks, Chemicals Tanks, Cold/RefrigeratedStorage, Electronics Product Storage, Pharmaceutical Storage, Auto Spares Parts & Components Storage or any other suggested products.
The development of these world-class warehousing spaces will give a big push, especially to such small logistics players for their ‘Ease of Doing Business’ with better planning and inventory management. The smaller players would have the option of paying nominal fees to make use of this world-class infrastructure. This option will immensely benefit them, as presently their loaded trucks keep waiting, to find appropriate storage near ports quite often. In turn, it will reduce the losses as compared to the traditional warehousing and provide a more robust and cost-effective supply chain.
For the implementation of these envisaged projects, Ministry is ascertaining the interest of the various Indian companies/developers engaged in the business of Logistics Operations/FTWZ Operation/Manufacturers/Freight Forwarders/ ICD/CFS operations/ Inland Waterways Terminal Operations/Port Operations and Infrastructure Developers including Start-ups and comprehending the support required by them for the viability of the projects under PPP model.
