Uttar Pradesh to prepare its own logistics policy
The Uttar Pradesh government is for the first time, 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 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," Rajiv Kumar, Chief Secretary of the UP State Government said. The policy will entail the establishment of at least five industrial parks across the state, the smallest with an investment of `200 crore. The policy will also include various incentives for logistics players if they invest in this sector in the state.