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.

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.

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Infrastructure Energy

05 Nov 2025

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Infrastructure Urban

05 Nov 2025

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..