Mysuru, Dec 13 (Agency) The much awaited Multi-Modal Logistic Park (MMLP) at Kadakola, in Nanjangud Taluk of Karnataka, taken up by Container Corporation of India (Concor) at a cost of Rs 100 crore will become functional by 2022-23. This will be the third container yard by CONCOR after one each at Whitefield and Mangaluru. After completion the price of transportation will become cheaper and make the merchandise extra aggressive apart from giving thrust to industrial growth in the area.
Lok Sabha member Pratap Simha, who inaugurated the interactive session on Saturday, said that the City of Palaces is getting all the necessary infrastructure for industrial growth. The mission was nearly cancelled due to land acquisition points which had been resolved due to fixed interplay with farmers and authorities departments. Anup Dayanand Sadhu, Group General Manager, Container Corporation of India Ltd (Concor), stated MMLP will unfold over 62 acres of land that has been acquired by the KIADB and the civil works for Rs55.02 crore have already been awarded. It will present direct rail connectivity from hinterland to completely different ports and different components for transportation of containers for export-imports and home commerce. The MMLP may also characterize an inland container depot (ICD) which is able to present single-window customs clearance for EXIM containers the place submitting of customs papers, invoice of entry, delivery payments and different declarations and evaluation of actions associated with clearance of products, will happen. The MMLP will be backed by a strong software program and IT techniques to allow the companies to preserve monitor of the containers by Know Your Container Location (KYCL), SMS-based container monitoring, e-filing of paperwork, web-enabled buyer suggestions and e-payment services. The bulk of the shoppers anticipated to make use of the brand new services will be drawn not solely from industrial areas in and around Mysuru and Nanjangud however may have a catchment space of 200 km.
Agro and meals processing industries, manufacturing industries, items from conventional sectors like incense sticks (agarbathi) producers engaged in exports, granite items and many others are the potential prospects who will benefit from it. Among the advantages accruing to the companies is the discount in value of transportation by 10 per cent, sooner transit of products, discount within the general transaction prices, gasoline financial savings and reducing down storage and dealing with losses, in accordance to Mr Sadhu. He stated the MMLP goals are in step with the nationwide logistic coverage which needs a discount in logistic prices to 10 per cent of the GDP from the present 16 per cent to 20 per cent. Also, it’s proposed to optimise the modal combine and cut back the dependence on highways from present 60 per cent to 25 per cent and enhance using rail from 35 per cent to 60 per cent.