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. According to a recent government release, 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 products such as Cement Silos, Liquid Tanks, Chemicals Tanks, Cold/Refrigerated Storage, Electronics Product Storage, Pharmaceutical Storage, Auto Spares Parts & Components Storage or any other suggested products.
The development of these world-class warehousing spaces will give a big push, especially to 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 this world-class infrastructure. 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 warehousing and provide more robust and cost-effective supply chain.
Minister of State for Ports, Shipping and Waterways (I/C) 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.”
(Representational image used)