Uttar Pradesh to avail its own logistics policy
The Uttar Pradesh Government is drafting its own logistics policy, as higher industrial activity, economic growth and the government’s recent policy decisions are triggering unprecedented growth in the sector.
“With both the Eastern and the Western freight corridors and several industrial corridors passing through the state of Uttar Pradesh, we are at a good position to take advantage of this logistics revolution which we expect to see in the next two years,” says Rajiv Kumar, Chief Secretary, UP State Government.
The policy will entail the establishment of at least five industrial parks across the state; the smallest with an investment
`200 of crore. The policy will also include various incentives for logistics players if they invest in this sector in the state. Andhra Pradesh and Telangana are the two other states said to be drafting their own logistics policies. The UP government has been in talks with Container Corporation of India to set up a logistics park in Bhaupur, near Kanpur. The Uttar Pradesh State Industrial Development Corporation is in the process of acquiring 100 acres of land for the same. The smallest of such hubs will be built at an estimated
`200 cost of crore. Similar such hubs are envisaged to be built along the Delhi-Mumbai Industrial Corridor (DMIC) and the Amritsar-Kolkata Industrial Corridor (AKIC).