India's Revenue Receipts To Reach 
30 Lakh Crore In 2 Yrs: Nitin Gadkari
The minister said that the three-day summit, which got underway today, would garner 
2 lakh crore investment.
The summit is in line with the government's plans to have an effective multi-modal logistics and transport sector to make Indian economy more competitive.
The minister said that the government plans to bring down logistics costs drastically to enhance exports and create huge employment.
The Road Transport and Highways Ministry plans to build 35 multi-modal logistics parks in the country which will cater to 50 pct of the freight movement, enable 10 pct reduction in transportation costs and 12 pct reduction in carbon dioxide emissions.
Land parcels have already been identified and pre- feasibility studies initiated on six of these locations.
The parks will be developed jointly by the National Highways Authority of India (NHAI), National Highways Infrastructure Development Corporation (NHDICL) and the respective state governments.
The government is also working to formulate a uniform policy for the development of MMLP.
The government has identified sites for the proposed 35 logistics parks to be set up on railways, highways, inland waterways and airports transportation grid.
Fifteen such logistics parks will be constructed in the next five years, and 20 more over the next 10 years. These will act as hubs for freight movement enabling freight aggregation and distribution with modern and mechanized warehousing space.
An official said that a joint venture will be set up between NHAI and a partner which could be a state government with 49 pct and 51 pct stakes respectively.
The government plans that of the total land acquired for the project, 40 pct will be developed and returned to the land owner.
Of the remaining land, 20 pct will be sold to finance the project while the profit from the rest 40 pct will go to National Highways Authority of India.
The Road Transport and Highways Ministry has also sought infrastructure status for these logistics parks.
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