ENA State 2017-05-16 05:06:50 <p><strong>New Delhi, May 16 (KNN)</strong> A Multimodal Logistics Park is being developed in the Ponneri Industrial Node area near Kamarajar Port in Tamil Nadu which will result in lower logistics costs.</p> <p>The proposed logistics parks will bring down the overall freight costs, reduce vehicular pollution and congestion and will enable reduction of warehousing costs. </p> <p>In this regard, the National Highways Authority of India signed a MoU with the Tamil Nadu Industrial Development Corporation Limited (TIDCO) in the national capital.</p> <p>The MoU was signed in the presence of the Road Transport and Highways and Shipping Minister Nitin Gadkari and M.C. Sampath, Minister for Industries of Tamil Nadu government.</p> <p>Speaking on this occasion, Gadkari said that it is an important agreement for the development of an integrated, multi-modal transport infrastructure in the country.</p> <p>The Ministry of Road Transport and Highways is planning to develop Mutimodal Logistics Parks in under its Logistics Efficiency Enhancement Programme (LEEP) in 15 locations all over India at a cost of Rs 33,000 crore, including Rs 1295 crores investment for the Chennai Region.</p> 17084 http://knnindia.co.in/news/newsdetails/state/multimodal-logistics-park-to-be-developed-in-ponneri-industrial-node-area-in-tamil-nadu 2017-05-16 05:06:50 knnindia.co.in