Dec 24: 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 development of this infrastructure is to reduce the storage losses, minimize logistic costs and facilitate distribution of cargo in the hinterland.
MoPSW is targeting to develop the product specific Warehouses/Silos at ports for productssuch as Cement Silos, Liquid Tanks, Chemicals Tanks, Cold/RefrigeratedStorage, Electronics Product Storage, Pharmaceutical Storage, Auto Spares Parts & Components Storage or any other suggested products.
While the big players have their own warehousesand storage spaces, the smaller players find it difficult to get their products specificstorage silos at various locations. The development of theseworld-class warehousing spaces will givea big push,specially 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 thisworld-classinfrastructure. 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 warehousingand provide more robust and cost-effective supply chain.
For implementation of these envisaged projects, Ministry isascertaining 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 viability of the projects under PPP model. It is theendeavor of the Ministry that various permissions/approvals from regulatory and statutory Government authorities are facilitated expeditiously through Sagarmala Development Company Ltd. Moreover,if warranted, the Ministry will facilitate equity in the projects in SPV framework in order to smoothly implement these world-class infrastructure projects.
Minister of State for Ports, Shipping and Waterways (I/C) Shri Mansukh Mandaviya said,“we are planning to create world-class Product Specific Agglomeration Centre on ‘Pay and Use Model’ which will immensely benefit the small traders & logistics players. It would result into transporting their cargoes through the cheapest mode of transportation, which is through sea or waterways. Hence, these Agglomeration Centers will drastically cut down the country’s overall logistics cost and give a boost to export-import trade through coastal shipping. It would also create employment opportunities in the coastal areas”
The Ministry aims to reduce logistic cost with appropriate infrastructure interventions as a part of ambitious Sagarmala Programme, which was launched by Hon’ble Prime Minister Shri Narendra Modi in 2016.This is the flagship programme of the Ministry to promote port-led development in the country by harnessing potential of India’s 7,500 Km long coastline and ~21000 km navigable waterways.Disclaimer: We donot claim that the images used as part of the news published are always owned by us. From time to time, we use images sourced as part of news or any related images or representations. Kindly take a look at our image usage policy on how we select the image that are used as part of the news.