Gujarat govt, Adani sign pact for multi-modal logistics park
Adani Ports and Special Economic Zone Ltd (APSEZ) and the Gujarat government signed a memorandum of understanding (MoU) last week, for the construction of what is slated as India's largest multi-modal logistics park.
The park which is spread over 1,450 acre at Virochan Nagar, close to the auto hub of Sanand, is expected to attract investments worth Rs 50,000 crore in the transport and logistics space.
The project's construction will begin within six months post the necessary statutory approvals, while the completion is expected within three years by 2023.
According to a statement by the Gujarat government, the park will have e-commerce and BTS facilities spread across 3.8 million sq ft, bonded warehouses in 900,000 sq ft, temperature and palletised facilities across 60,000 sq ft and grade-A palletised facilities in 400,000 sq ft.
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In addition, four 20-foot equivalent units (TEU) handling lines with a capacity of 330,000 metric tonne (mt) will be established in the container yard.
Further, a 400,000 mt car yard to handle nearly 30,000 cars, Agri silos of 100,000 mt, POL tank farm of 350,000 kilolitres and a cement silo of 100,000 mt are also set to be established in the park.
The park's logistics infrastructure facilities will include a 9 million sq ft warehouse zone to provide an Air Freight Station with a 4.5 mt capacity, a grade-A warehouse, and cold storage, among other things.
The park will also have a shopping plaza or a business centre with a total retail footprint of over 300,000 sq ft, apart from a dedicated skill development centre to ensure the availability of a skilled workforce.