India, May 29 -- India will need 216 multimodal logistics parks (MMLPs) by 2047 to achieve its freight modal shift goals and better connect industrial centres with the rail network, according to a report released on Friday by the Confederation of Indian Industry (CII) and Knight Frank.

It said that integrating dedicated freight corridors with multimodal logistics parks can reduce door-to-door logistics costs by up to 43% compared with road transport, while substantially reducing cargo handling and dwell times.

Multi-Modal Logistics Parks (MMLPs) were first proposed by the government in 2017, with the approval of a plan to build 35 MMLPs, with the cabinet formally mandating the Ministry of Road Transport and Highways (MoRTH) to develop t...