Reliance Industries, PATH India bid for Rs 1800 crore logistics park

9 Dec 2022 , 01:50 PM

Reliance Industries Ltd and PATH India have submitted bids for the construction and development of a logistics park in Bengaluru. The cost of construction and development of this logistics park is estimated to be Rs 1800 crore. The logistics park will be a multi-modal one. It will have large cargo – handling facility. There will be temperature-controlled warehouses. A multimodal transport terminal will also be there. The winning bidder will be the one that offers the highest minimum guarantee revenue  to the government.

Logistics costs in India are still high. They make up on average between 12% and 13% of the costs of businesses. Such logistics parks can help in bringing down logistics costs. They can also help in making the supply chain infrastructure of the country more efficient and effective.