India needs 215 MMLPs by 2047

A joint report by Confederation of Indian Textile Industry and Knight Frank India projects that India will require approximately 215 high-capacity Multimodal Logistics Parks (MMLPs) by 2047 to manage a projected freight surge of 28 billion tonnes. The report emphasizes the need to shift freight movement from road to rail to enhance logistics competitiveness and reduce costs. Currently, India's operational MMLP network handles only 2% of total freight movement, indicating substantial room for expansion. The report suggests that integrating MMLPs with Dedicated Freight Corridors could cut door-to-door freight costs by 43% compared to road-only transport. Key figures like Shishir Baijal of Knight Frank and Ashwani K Gupta of Adani Ports & Special Economic Zone underscored the importance of MMLPs for India's economic transformation and competitiveness. The report also notes that India has significantly increased its transport infrastructure investment, leading to a 59% improvement in logistics efficiency and annual savings of $122-133 billion.