Close on the heels of all important approval of Multi Modal Logistics Hub (MMLH) and Multi Modal Transport Hub (MMTH) at Greater Noida in Uttar Pradesh by the Union government, the UP government has approved the first investment proposal under the Warehousing and Logistics Policy, 2018 of the state for establishing a warehousing unit in Lucknow.
On the recommendation of the empowered committee headed by the chief secretary, Industry Minister Satish Mahana has granted approval to the investment proposal of M/s Nanak Logistics Pvt. Ltd.
The said warehousing unit is proposed to be set up in an area of approximately 86,000 square metre in Bhaukapur village of Sarojini Nagar in Lucknow with a proposed investment of about Rs 85 crores.
Satish Mahana said here on Sunday, “Warehousing is a crucial component of supply chain, providing centralised storage facility and enabling easier efficient packing, distribution and delivery of goods manufactured in industrial units along with better inventory management for micro, small and medium enterprises (MSMEs) in particular.”
Additional Chief Secretary (Infrastructure & Industrial Development) Alok Kumar said that in all six proposals worth approximately Rs 438 crores had been received by the state government for investment in warehousing and logistics sector.
He said the approved unit was the first project to get the nod from the state government.
Kumar said that the state government had reduced the eligibility limit for development of logistics parks from 50 acres to 25 acres besides granting industry status to the sector.
He said, “As per the findings of evaluation on the basis of prescribed parameters, Uttar Pradesh has made significant improvement on the parameters of ease of arranging logistics at competitive rates and quality of logistics infrastructure.”
Commenting on the major logistics projects at Greater Noida getting approval of Union government recently, the additional chief secretary, who is also state’s nodal officer for development of integrated state logistics plan, said that the upcoming Multi Modal Logistics Hub and Multi Modal Transport Hub projects at Greater Noida with an estimated cost of around Rs 3,884 crore were expected to create employment avenues for one lakh persons apart from providing efficient storage and transitioning of goods through the eastern and western dedicated freight corridors.
It may be noted that the logistics hub project at Dadri will be developed as a world-class facility that will offer a one-stop destination to freight companies and customers. The facility will not only provide standard container handling activities but also provide various value-added services to reduce logistics cost with improved efficiency of operations.
The MMTH project at Boraki will comprise of rail, road and MRTS facilities for passengers, it will have space for inter-state bus terminal (ISBT), local bus terminal (LBT), Metro, commercial, retail and hotel space and green open spaces.