Multimodal Logistics Parks to Be Developed in Key Port Cities

29 Mar 2025 CW Team

Under the Bharatmala Pariyojana, an initiative by the Ministry of Road Transport and Highways, six Multi Modal Logistics Parks (MMLPs) are planned for development in key port cities across India. These cities include Chennai (Tamil Nadu), Mumbai (Maharashtra), Kolkata (West Bengal), Cochin (Kerala), Visakhapatnam (Andhra Pradesh), and Kandla (Gujarat).

The MMLP in Chennai has received an approved authority cost of Rs 6.41 billion for its development. The other five proposed MMLPs are currently under various stages of feasibility and planning, and no specific funds have been allocated for them yet. Additionally, there is no proposal for a Phase II development of MMLPs under the current framework.

MMLPs are aimed at significantly improving the country’s logistics and supply chain efficiency by integrating multiple modes of transport. These logistics parks are expected to provide a range of essential services such as warehousing and storage, transportation and freight handling, customs and regulatory services, value-added services, and robust infrastructure and connectivity. Emphasis is also placed on environmental sustainability and security, making these hubs comprehensive solutions for modern logistics needs.

All MMLPs under this initiative are being developed through the Public-Private Partnership (PPP) model, with a concession period of 45 years. This approach is designed to attract private investment and ensure long-term operational efficiency, supporting the government’s vision to transform India’s transportation infrastructure and logistics sector.

This information was presented by the Ministry of Ports, Shipping and Waterways in response to a query in the Lok Sabha.

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..