FCI and state agencies procure 85.41 lakh metric tonne of paddy in Punjab (See 'Corp Brief') Cr PC -Application for bail has been filed by accused even though statutory period is not mentioned court may still look into Application and consider whether petitioner is entitled to bail or not: HC (See 'Legal Desk') Coal India Steps into 50th Year (See 'Corp Brief') RTI Act-PIO is not required to furnish information where clarity is needed in interpretation of information: IBBI (See 'Legal Desk') Robust growth in production of Key Minerals and non-ferrous Metals in H1 (See 'Corp Brief') Arbitration and Conciliation Act,1996-Scope of Section 9 of Act of 1996 does not exist for the appellant for agitation if arbitration award has already been passed: HC (See 'Legal Desk') BSNL accelerates Swadeshi 4G Rollout (See 'Corp Brief') IBC- Invocation of pledged shares does not dissolve liability of Corporate Debtor towards Financial Creditor: NCLT (See 'Legal Desk') PM GatiShakti Planning Group evaluates key Infrastructure projects (See 'Corp Brief') Indian Medical Council Act-Clinical training that appellants would undergo after successful completion of Phase III Part I of MBBS examination would only be counted as qualifying training period for Phase III Part II examination: HC (See 'Legal Desk') IBC-Claim of Operational Creditors, if on verification by resolution professional is found to be less than 10% of total debt, they cannot claim any right to representation in meeting of Committee of Creditors: IBBI (See 'Legal Desk') Centre ensuring seamless paddy and CMR procurement in Punjab State: Joshi (See 'Corp Brief') Commercial Courts Act,2015-Failure to claim interest from date of institution of suit till its realization for pre-suit period negates right of plaintiff to such claim-YES: HC (See 'Legal Desk') MAHA-EV Mission brings together experts to drive India's smart transport research (See 'Corp Brief') Constitution of India - Deprivation is norm and liberty is exception: HC (See 'Legal Desk') Constitution of India- Fundamental right of liberty provided under Article 21 is superior to statutory restrictions and reiterated principle that 'bail is rule and refusal is exception': HC (See 'Legal Desk') 'SECL Ki Dhadkan' successfully completes Life-Saving Heart Surgeries for 20 Children (See 'Corp Brief') Misc - High Court cannot defer Corporate Insolvency Resolution Process when main relief sought in writ petition to consolidate CIRP of two companies was refused: SC (See 'Legal Desk') NCGG concludes First Mid-Career Training Program for BIMSTEC Civil Servants (See 'Corp Brief') SEBI Act -Every partner is liable for contravention committed by partnership firm,unless proved otherwise: SEBI (See 'Legal Desk') AI for Citizen Safety: Join IndiaAI CyberGuard AI Hackathon (See 'Corp Brief') Trade marks- Proprietor of trademark need not go against each and every person/ entity infringing and/ or passing off its trademarks and which do not cause prejudice to its distinctiveness: HC (See 'Legal Desk') MyGov's National Space Day Quiz engages Citizens (See 'Corp Brief') Trade marks Act-Use of same mark by defendants gives an unfair advantage to defendants and is detrimental to the distinctive character or repute of plaintiff's well-known registered trademark: HC (See 'Legal Desk')

NHAI inks agreement to develop Multi Modal Logistics Park at Bengaluru

Published: Sep 19, 2023

By TIOLCorplaws News Service

NEW DELHI, SEP 19, 2023: NATIONAL Highways Logistics Management Ltd (NHLML), a 100% owned company of NHAI, signed an agreement for the development of Multi Modal Logistics Park (MMLP) at Bengaluru proposed to be developed under the Public Private Partnership (DBFOT) model at an estimated cost of Rs 1,770 crore, the agreement has been signed between Government SPV, Bengaluru MMLP Pvt. Ltd. & Concessionaire SPV M/s. PATH Bengaluru Logistics Park Pvt. Ltd.

The MMLP is being developed in an area of 400 acre at Muddelinganahalli in Bengaluru rural district in Karnataka. The project is poised to become the first and largest MMLP ever implemented in the country under the PM Gati Shakti National Master Plan.

To facilitate seamless logistics movement, the site is strategically located adjacent to the upcoming KIADB industrial area on East side, abutting the NH 648, Dabbaspet to Hosur as well as Satellite Town Ring Road on North side and Bengaluru - Hubli - Mumbai rail line on South side. Bengaluru MMLP is located at a distance of 58 km from Bengaluru Airport and 48 km from Bengaluru city railway station.

The MMLP will be developed in three phases. The first phase is expected to be completed in two years. MMLP will cater to about 30 million metric tonnes (MMT) cargo by the end of concession period of 45 years and will give huge boost to the industrial zones in the catchment region such as Bengaluru and Tumkur.

A Government SPV is incorporated between National Highways Logistics Management Ltd. (NHLML), Rail Vikas Nigam Limited (RVNL) amd Karnataka Industrial Area Development Board (KIADB).

Development of MMLP is a key initiative of the Government of India to improve the country's freight logistics sector by enabling efficient inter-modal freight movement to lower overall freight costs and time, provide efficient warehousing, improve tracking and traceability of consignments thereby enhancing the efficiency of the Indian logistics sector.

TIOL CORP SEARCH

TIOL GROUP WEBSITES