The entry of Reliance Industries (RIL) into multi-modal logistics parks (MMLPs) is a logical extension for the company, say informed sources, as the firm's ambitions in existing businesses such as retail get bigger by the day. At the same time, the government's drive to have state-of-the-art MMLPs in the country is a significant business opportunity for the company as the sector has potential for growth, they say.
On Friday, the Ministry of Road Transport & Highways awarded the contract to set up India’s first MMLP near Chennai to the Mukesh-Ambani-led company. The firm, said persons in the know, had put