Rail Vikas Nigam Limited (RVNL) Forms Joint Ventures for Logistics Parks

Rail Vikas Nigam Limited (RVNL) Forms Joint Ventures for Logistics Parks

Rail Vikas Nigam Limited (RVNL), a state-owned company, has announced the formation of two joint ventures (JVs) to develop multi-modal logistics parks across India.

Key Points:

• Project: Construction of multi-modal logistics parks
• JV Names: Bengaluru MMLP Private Limited and Chennai MMLP Private Limited
• Background: MoU signed with National Highways Authority of India (NHAI) in September 2021

Significance:

• Aligns with the government’s Bharatmala Pariyojana initiative to improve cargo movement efficiency.
• Aims to bridge critical infrastructure gaps and enable seamless goods connectivity.
• This initiative is expected to reduce transportation costs nationwide.

 

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