26 C
November 30, 2023

Coimbatore to soon have a multi-modal logistics park

By Priti Naik

The Central Government of India has recognized Coimbatore as one of the locations to set up the multi-modal logistics park. Coimbatore and nearby areas that are known for presence of manufacturing industries in various sectors will soon benefit from modern logistics facilities. The park is expected to meet the logistics needs of not only those involved in foreign trade but also for domestic cargo movement.

The park intends to come up on 100 to 120 acres in Coimbatore district. The Tamil Nadu Industrial Development Corporation would identify the land. Simultaneously, two private companies were preparing a detailed project report and the National Highway Authority of India -NHAI would develop the infrastructure. The park will have warehouses and proximity and access for air, rail, and road cargo movement. The land will be identified taking into consideration several such factors, the official added.

Raja M. Shanmugham, president of Tiruppur Exporters Association, said this was a much-needed infrastructure. The government should ensure that costs reduce for the exporters because of the facility. “Such infrastructure are meant to support a region’s trade. So, the infrastructure should be created first and these will gain the trade’s patronage over a period of time,” he said.

Coimbatore Custom House and Steamer Agents Association President P. Subramaniam said the park should address the concerns of exporters and importers in terms of cost effectiveness. The trade should be able to achieve cost recovery with such infrastructure, he said.

Related posts

Ports for Prosperity: PM Laid Foundation of Projects Worth ₹ 3800 crores

Littoral Wind

DP World posts 2.6% increase in container shipping volume

Littoral Wind

India-Bangladesh inland waterway connectivity route to be extended till Gomati district

Littoral Wind

Leave a Comment