Maha OKs logistics policy to target Rs 300 billion revenue in 5 years

09 Aug 2024 CW Team

The main objectives of the policy include reducing logistics costs by 4-5 per cent from the current 14-15 per cent, minimizing logistics time, implementing green initiatives to lower carbon emissions, and employing technologies like blockchain, artificial intelligence, and advanced logistics management systems.

Additionally, the policy seeks to promote green logistics parks, sustainable design, and modal shifts, while attracting both domestic and international investments to position Maharashtra as a global logistics hub.

Key stakeholders in the policy?s development include the Maharashtra Maritime Board, Jawaharlal Nehru Port Authority, Mumbai Port Trust, State Road Development Corporation, and the Maharashtra Airport Development Company.

An International Mega Logistics Hub will be developed on 2,000 acre in the Navi Mumbai-Pune area, near the new international airport in Panvel. This hub is set to connect with industrial estates such as Taloja, Patalganga, Rasayani, Khopoli, Mahad, Roha, Chakan, and Talegaon, establishing it as a key center for international trade and industry. The development of this hub will be supported by an allocation of Rs 15 billion .

Furthermore, the Nagpur-Wardha National Mega Logistics Hub will be constructed on 1,500 acre, linked to the Balasaheb Thackeray Maharashtra Samruddhi Mahamarg. Due to Nagpur?s central location and its connectivity through four national highways and a dedicated freight corridor, it is considered an ideal site for a logistics hub. This hub will also receive an allocation of Rs 15 billion.

Five state logistics hubs will be set up on 500 acres each in Chhatrapati Sambhaji Nagar-Jalna, Thane-Bhiwandi, Ratnagiri-Sindhudurg, Pune-Purandar, and Palghar-Vadhavan, with a total provision of Rs 25 billion. Additionally, regional hubs will be developed on 300 acre each in Nanded-Deglur, Amravati-Badnera, Kolhapur-Ichalkaranji, Nashik-Sinnar, and Dhule-Shirpur, receiving a combined allocation of Rs 15 billion.

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

The Maharashtra Cabinet, led by Chief Minister Eknath Shinde, approved the Maharashtra Logistics Policy 2024. The policy is expected to generate approximately Rs 305.73 billion in revenue over the next five years. It was formulated based on the recommendations from the State Economic Advisory Council and aims to achieve significant growth over the next decade. The policy is anticipated to create around 5,00,000 direct and indirect jobs. The main objectives of the policy include reducing logistics costs by 4-5 per cent from the current 14-15 per cent, minimizing logistics time, implementing green initiatives to lower carbon emissions, and employing technologies like blockchain, artificial intelligence, and advanced logistics management systems. Additionally, the policy seeks to promote green logistics parks, sustainable design, and modal shifts, while attracting both domestic and international investments to position Maharashtra as a global logistics hub. Key stakeholders in the policy?s development include the Maharashtra Maritime Board, Jawaharlal Nehru Port Authority, Mumbai Port Trust, State Road Development Corporation, and the Maharashtra Airport Development Company. An International Mega Logistics Hub will be developed on 2,000 acre in the Navi Mumbai-Pune area, near the new international airport in Panvel. This hub is set to connect with industrial estates such as Taloja, Patalganga, Rasayani, Khopoli, Mahad, Roha, Chakan, and Talegaon, establishing it as a key center for international trade and industry. The development of this hub will be supported by an allocation of Rs 15 billion . Furthermore, the Nagpur-Wardha National Mega Logistics Hub will be constructed on 1,500 acre, linked to the Balasaheb Thackeray Maharashtra Samruddhi Mahamarg. Due to Nagpur?s central location and its connectivity through four national highways and a dedicated freight corridor, it is considered an ideal site for a logistics hub. This hub will also receive an allocation of Rs 15 billion. Five state logistics hubs will be set up on 500 acres each in Chhatrapati Sambhaji Nagar-Jalna, Thane-Bhiwandi, Ratnagiri-Sindhudurg, Pune-Purandar, and Palghar-Vadhavan, with a total provision of Rs 25 billion. Additionally, regional hubs will be developed on 300 acre each in Nanded-Deglur, Amravati-Badnera, Kolhapur-Ichalkaranji, Nashik-Sinnar, and Dhule-Shirpur, receiving a combined allocation of Rs 15 billion.

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

Real Estate

07 Jul 2026

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

Infrastructure Urban

07 Jul 2026

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..