Product-specific warehouses to come up at ports

New Delhi: The government on Thursday said it will set up product-specific warehouses at ports and national waterways.

The purpose of development of this infrastructure is to reduce the storage losses, minimise logistic costs and facilitate distribution of cargo in the hinterland, the Ministry of Ports, Shipping and Waterways (MoPSW) said in a statement.

"The (MoPSW) intends to create product-specific warehouses or silos at various ports (including both major and non-major ports), Multi Modal Logistics Parks located near port area and alongside the national waterways," the statement said.

The ministry is targeting to develop the product-specific warehouses at ports for cement silos, liquid tanks, chemicals tanks, cold storage, electronics product storage, and pharmaceutical storage, among others. "While the big players have their own warehouses and storage spaces, the smaller players find it difficult to get their product-specific storage silos at various locations," the statement said.