Arena for enabling business at ease

The concept of enabling a multi-modal logistics park is to enable seamless transfer of goods and services, opines Chander Agarwal, Managing Director, TCIEXPRESS.

The idea behind multimodal logistics park is to provide specialised storage solutions, mechanised material handling and enable seamless intermodal transfers of goods and services. The Northeast is one of the regions which has played a pivotal role in terms of logistics connectivity with the international and national corridors of India. PARTICIPATION PRIVATE PLAYERS

We believe ASEAN’s strong bond with the northeast region will act as a mascot for the entire region and for the rest of the businesses in the region. OF

How it will benefit logistics comes from the fact that in the past, the opportunity for all the players across the industries were minimal. This was primarily because private investment in the development of logistics parks was restricted due to lack of land availability and hence the return on investment was also less. But with the collaboration of government through Public Private Partnership (PPP) model, it has witnessed extensive participation from private players as well.

This participation from various players has not only opened new arenas for ease of doing business but also has given an opportunity to learn and adapt to best global practices. One of such developments is that the manufacturing plants are now trying to get into ‘ZERO’ inventory holding model. This is where logistics will help the customers to order ‘back to back’ with a PO (Purchase Order) and ship end-product directly to the customer.

This way of working is effectively opening up new trading opportunities for any company. Additionally, all the vendors and suppliers want to collaborate to take maximum benefit from the parks and be near the production unit.