Nagpur as a logistics hub?
The Vidarbha Economic Development Council (VED) recenty had held a logistics conference in Nagpur focusing on the potential of the city as an emerging logistics centre.
Themed as ‘Nagpur – An Emerging Logistics Centre’, the confernce was held in October at Hotel Le Meridien. The event focused largely on the fact that the city of Nagpur had been unable to grow as a logistics centre despite its natural geographic advantage and the excellent connectivity by rail, road and air due to close interstate boundaries.
Logistics and manufacturing companies have shown their interest in creating infrastructure at Nagpur that can lead to the creation of it as a logistics hub. The conference highlighted that suitable policy initiatives by the state government can convert the interest to invest into actual investments. The introduction of GST will act as a further catalyst to speed up this process.
This conference aimed at collating thoughts to make Nagpur as an ideal logistics centre that will attract substantial investment from Logistics Service Providers (LSPs), create employment opportunities and bring down logistics costs for industries. This facilitation of logistics and reduction in logistics transaction costs will have a cascading effect in creation of wealth for the region by attracting further investments in the manufacturing sector.
VED Council is a non-political organisation with the economic development of Vidarbha as its central theme. Significantly, it works as a mission to survey, identify, study and then pursue various thrust areas, like tourism, mining, logistics, handloom, agriculture, MIHAN (Multi Modal International Hub Airport at Nagpur)-SEZ opportunities, IT, etc.