Union Minister of Road Transport and Highways Nitin Gadkari, Union Minister of Ports, Shipping & Waterways and Ayush, Sarbananda Sonowal, and Union Minister of State for Road Transport & Highways, Gen (Retd) VK Singh today witnessed the signing of a tripartite agreement for swift development of modern Multi Modal Logistics Parks (MMLPs) under Bharatmala Pariyojna across the country.

The aim is to centralise freight consolidation and reduce logistics cost from 14% to less than 10% of GDP, to be at par with international standards. The tripartite agreement was signed by National Highways Logistics Management Ltd (NHLML), Inland Waterways Authority of India (IWAI) and Rail Vikas Nigam Ltd (RVNL).

Sarbananda Sonowal said MMLPs are designed to untie the cobweb of logistics movement and enliven the logistics sector to put the economy into the fast lane of growth.