Multi Modal Logistics Park to feature dedicated commercial zone
The project, estimated at Rs 1,110.6 crore, will be divided into multiple zones to cater to various services and operations.
"The possession of the proposed land has been taken and with this the development work has started in the park. The park will become a boon to the state and give a massive fillip to industrial and logistics growth in the state," said Himanshu Prajapati, executive director of MPIDC, Indore.
The MMLP will offer warehousing, specialised storage solutions, freight transportation, cargo aggregation and distribution, handling services at container terminals and/or bulk/breakbulk cargo terminals, a customs electronic data interchange service centre, and cargo scanning facilities.
Established in a PPP (DBFOT) mode, the MMLP spans 112.6 hectare including 90 hectares of private land from the villages of Kheda, Akolia, Sagor and Jamodi, and 22 hectare of govt land. MPIDC has secured possession of land from these four villages to facilitate the project's development.
An SPV has been formed among National Highways Logistics Management Limited (NHLML), Rail Vikas Nigam Limited (RVNL), and Madhya Pradesh Industrial Development Corporation (MPIDC) to establish the logistics park.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
40 minutes ago
- Time of India
RBI finalises co-lending framework starting Jan 2026
Mumbai: RBI has come out with final co-lending rules for banks and non-banks which allow dual lending with a single KYC. The final norms mandate blended lending rates, irrevocable funding commitments, and escrow-based cashflow distribution, while keeping first loss default guarantee. These, along with capital impacts and lower returns, could make co-lending less attractive for originators. A 15-day loan transfer deadline may also drive lenders toward simpler direct assignment deals, ICRA said. The framework will become effective Jan 1, 2026. Credit enhancement for bonds RBI's norms on non-fund credit have allowed banks, financial institutions and NBFCs to offer partial credit enhancement to make certain types of bonds safer for investors. This facility can be extended to bonds issued by registered entities-municipal corporations, companies or special-purpose vehicles-for funding any type of project by large, non-deposit-taking NBFCs with assets of Rs 1,000 crore or more, subject to specified conditions. Call rate as policy anchor An RBI panel has recommended keeping the weighted average call rate as the main monetary policy target. It suggested ending 14-day variable rate repo and reverse repo (VRR/VRRR) auctions as the main liquidity tool, replacing them with 7-day operations and flexible terms up to 14 days when needed. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 20 Signs That A Heart Attack Is Imminent Learn It Wise Undo The RBI should usually give at least a day's notice for such actions, but can act the same day in special cases. Variable rate auctions will continue for all repo and reverse repo operations, including longer tenors. Existing liquidity management tools are considered sufficient, and the daily minimum CRR requirement will stay at 90% of the set level. Stay informed with the latest business news, updates on bank holidays and public holidays .
Time of India
an hour ago
- Time of India
EID Parry narrows loss to 28cr in Q1
CHENNAI: Sugar manufacturer EID Parry on Wednesday narrowed standalone loss at Rs 28 crore in quarter ended June 30, 2025. The company, which is part of Murugappa group, reported a loss of Rs 79 crore in corresponding quarter last year. Muthiah Murugappan, CEO, EID Parry said, revenue from sugar segment for Q1 was at Rs 347 crore against Rs 404 crore in same quarter of last year, registering a de-growth of 14% due to lower release quota. Stay informed with the latest business news, updates on bank holidays and public holidays.
Time of India
an hour ago
- Time of India
Revenue of KTC Smart City e-buses stands 1.5 crore lower than projected
Porvorim: Kadamba Transport Corporation (KTC) has reported a significant revenue shortfall from its Smart City electric bus operations in Panaji. Against the projected revenue of Rs 3.4 crore for the fiscal year 2024-25, the actual earnings between July 2024 and March 2025 stood at approximately Rs 1.9 crore. The revenue gap is Rs 1.5 crore. Minister for transport Mauvin Godinho said, 'The shortfall in revenue is primarily attributed to the continued operation of private bus operators providing city bus services in Panaji, which has impacted the ridership on Smart City electric buses.' Godinho was replying to a question tabled by MLA Viresh Borkar. A total of 48 Smart City EVs are currently operating in Panaji and the surrounding areas. These buses ply on seven designated routes: yellow, red, indigo, blue, green, orange, and violet. In all, 18 lakh passengers travelled by these electric buses from July 2024 to March 2025, covering 11 lakh km in this duration. 'The concept of Smart City buses was to operate without conductors, for which pole-mounted validators were fixed for tapping the Smart Transit Card or validating the QR code generated on an app,' Godinho said. 'However, commuters were hesitant to use Smart City buses, adapting to the new system,' he said. The minister reiterated that private bus operations further impacted the ridership numbers.
