New Delhi: The Ministry of Ports, Shipping and Waterways (MoPSW) on Thursday said it will set up product-specific warehouses at ports and national waterways.
The purpose of development of this infrastructure is to reduce the storage losses, minimise logistic costs and facilitate distribution of cargo in the hinterland, the Ministry of Ports, Shipping and Waterways (MoPSW) said in a statement.
"The (MoPSW) intends to create product-specific warehouses or silos at various ports (including both major and non-major ports), Multi-Modal Logistics Parks located near port area and alongside the national waterways," the statement said.
While the big players have their own warehouses and storage spaces, the smaller players find it difficult to get their products specific storage silos at various locations. The development of these world-class warehousing spaces will give a big push, especially to such small logistics players for their 'ease of doing business' with better planning and inventory management.
The smaller players will need to pay a nominal fee to make use of this infrastructure, it said.
The statement said this will immensely benefit them as currently, 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 a more robust and cost-effective supply chain."
For the implementation of these envisaged projects, the ministry is ascertaining the interest of the various Indian companies and developers under the public-private partnership model.