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CBRE appointed consultant for Multi-Modal Logistics Project

May 25, 2022: CBRE South Asia Pvt. Ltd, has been appointed as the advisor for the development of Multi-modal Logistics Parks across five key locations including Mumbai, Chennai, Silchar, Coimbatore and Hyderabad. These projects are part of Prime Minister’s Bharatmala Pariyojana programme launched for the development of world-class infrastructure dedicated to smooth and seamless freight transport across multiple modes of transport. 

The 35 MMLP projects is likely to create over 2 lakh job opportunities in the coming years and reduce logistics cost by a notable margin.  Currently, more than 70% of the national cargo moves through roads and national highways causing pollution and stress on the roads. These MMPLs will help in bringing the logistics costs down from the present 13-14% of India’s GDP to 8-10%, a benchmark achieved by developed economies such as Japan and the EU. This initiative aims to transform the Indian infrastructure and logistics landscape by bringing greater efficiencies and eliminating operational redundancies. 

Speaking about the project, Anshuman Magazine, Chairman & CEO – India, South-East Asia, Middle East & Africa, CBRE shared, “We are honoured to be chosen for as advisor for such a prestigious initiative. This project will boost the national economy by easing and encouraging seamless exports. Our global understanding and niche expertise in this segment will help in providing necessary support and counsel on projects of such scale and magnitude. CBRE is consulting implementation agencies National Highways Authority of India (NHAI) and National Highways Infrastructure Development Corporation Limited (NHIDCL) for the development of MMLPs in Mumbai, Chennai, Silchar, Coimbatore and Hyderabad. CBRE is also assessing pre-feasibility for the development of MMLPs across multiple other locations”.  

Preetham Mehra, Senior Executive Director & Head – Government Practice, CBRE India said, “MMLP is another such initiative that involves nuanced understanding and specialized knowledge of the logistics sector. The MMLP will improve the country’s logistics sector by lowering overall freight costs and time, optimizing warehousing costs, reducing vehicular pollution & congestion, and improving the tracking and traceability of consignments. Along with the 5 projects currently assigned to CBRE, we look forward to many more opportunities of working with the implementing agencies.”