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Reliance Industries is set to commence building on India’s first Multimodal Logistics Park, which was conceived twelve years ago, in June, close to Chennai. This development is expected to bring the park into the spotlight. The company won the bid in 2022 over Adani Group for the Rs 1,424 crore project, which is situated on 184.27 acres in the Tiruvallur district.
The project’s goal is to make logistics services such cargo aggregation and disaggregation, distribution, intermodal transfer, sorting, packing, and repacking more effective, economical, and value-added. But because the private sector did not respond well to problems like connectivity, it did not take off.
Prime Minister Narendra Modi laid the foundation stone for Reliance on May 26, 2022, after the Centre awarded the company the contract in that year. But a number of problems, such as the lack of a road leading to the nearby communities, caused the development to commence later than expected. They stated that all of these have been resolved and that building will begin in June.
A Memorandum of Understanding was signed in October 2021 by the Chennai Port Trust, National Highways Logistics Management Limited, and Tamil Nadu Industrial Development Corporation.
It is 52 kilometres from the Chennai port, 80 km from the port of Ennore, and 87 km from the port of Kattupalli. It will serve as the southern region’s main hub for logistics. Over a 45-year period, it is projected to handle 7.17 million tonnes (mt) of freight.
The project will also serve as secondary market clusters in Bengaluru, Ranipet, Ambur, and Tirupur, which are home to industries including leather, heavy equipment components, autos, cement, sugar, and chemicals, according to a pre-feasibility report.
The project is also close to Chennai Peripheral Ring Road and the automotive and electronics sector hubs on the Sriperumbudur-Oragadam industrial belt.
The success of the project, according to sources, will depend on rail connectivity from Mappedu to the ports.
Group Media Publication
Construction, Infrastructure and Mining
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