Uttar Pradesh to develop a network of dry ports

The Uttar Pradesh government has decided to develop a network of dry ports across the state, and several domestic, and international companies have forwarded their proposals for investment in this sector. According to the government spokesman, Uttar Pradesh is a landlocked state with various export clusters. Dry ports facilitate the transportation of export cargo to seaports. The state government had given several concessions to investors in its new Warehousing and Logistics Policy-2022. He said that the state government aims to strengthen existing dry ports, inland container depots, freight stations and logistics terminals at suitable locations with access to road corridors, a quality network of four-lane and six-lane highways, and interlinking roads. The UP government will provide various concessions for developing dry ports. About 100 per cent exemption in stamp duty will be provided on the purchase of land or land taken on the lease for a minimum period of 10 years. Similarly, a 75 per cent concession will be given in the land use conversion charge and a 75 per cent exemption will be available on the development fee. Many foreign companies have expressed their desire to invest in the logistics sector in the state. The state government has also signed MoUs with many investors for developing dry ports. Agreements worth Rs 13 billion have been signed with the Saraf Group of UAE and Rs 2 billion with the Hindustan Port. Also Read MahaRERA relaxes rules to speed up construction of rural projects BK Modi Group intends to spend $1 billion over the next five years