UP plans to build modern logistics ecosystem
WAREHOUSING & LOGISTICS

UP plans to build modern logistics ecosystem

To boost exports, Uttar Pradesh, which aims to become a trillion-dollar economy by 2027, will build a network of dry ports and freight container stations. In collaboration with private players, the state intends to create a modern logistics ecosystem.

A dry port is an inland intermodal port that is directly linked to a seaport by roads or railways to allow for faster export cargo movement. The state will expedite land allotments for logistics parks and offer a slew of subsidies and incentives to entice private investment under the UP Warehousing and Logistics Policy 2022.

The state will assist the private sector in developing infrastructure for storage facilities, cold chains, multi-modal parks, container depots, and container freight stations in the state.

"The fresh policy has been framed with an objective of developing a strong logistics ecosystem and fostering an international business and investment environment to achieve the trillion-dollar economy vision," a government official said. In three years, the state aims to boost merchandise exports from Rs 1.56 trillion to almost Rs 3 trillion.

The Varanasi-Haldia inland waterway will also be used, according to the government, to spur exports.

The state intends to increase shipments of farm and dairy products, in addition to those from micro, small, and medium-sized enterprises (MSME), by taking advantage of the comparatively less expensive cargo movement from Varanasi via the waterway to the seaport in West Bengal.

The Inland Waterways Authority of India (IWAI) manages the Varanasi-Haldia inland waterway. In order to support passenger and cargo movements, the UP government is currently looking to develop additional intrastate inland waterway systems.

As part of the new UP logistics policy, the state will also create a network of transportation infrastructure, upgrade current warehousing and logistics infrastructure, reduce logistics costs, and encourage operational efficiency in logistics.

Meanwhile, front- and back-end subsidies will be provided to the beneficiary projects, including a waiver of the development fee, a reduction in the land use change levy, and an exemption from stamp duty. The 2018 policy will be replaced by the new one, which will be in effect for five years. The previous policy's promised incentives for private sector projects will still be in effect, though.

See also:
Andhra Pradesh fast tracks work on new ports
Work on Kerala’s Bhavanapadu, Bandar ports to begin


To boost exports, Uttar Pradesh, which aims to become a trillion-dollar economy by 2027, will build a network of dry ports and freight container stations. In collaboration with private players, the state intends to create a modern logistics ecosystem. A dry port is an inland intermodal port that is directly linked to a seaport by roads or railways to allow for faster export cargo movement. The state will expedite land allotments for logistics parks and offer a slew of subsidies and incentives to entice private investment under the UP Warehousing and Logistics Policy 2022. The state will assist the private sector in developing infrastructure for storage facilities, cold chains, multi-modal parks, container depots, and container freight stations in the state. The fresh policy has been framed with an objective of developing a strong logistics ecosystem and fostering an international business and investment environment to achieve the trillion-dollar economy vision, a government official said. In three years, the state aims to boost merchandise exports from Rs 1.56 trillion to almost Rs 3 trillion. The Varanasi-Haldia inland waterway will also be used, according to the government, to spur exports. The state intends to increase shipments of farm and dairy products, in addition to those from micro, small, and medium-sized enterprises (MSME), by taking advantage of the comparatively less expensive cargo movement from Varanasi via the waterway to the seaport in West Bengal. The Inland Waterways Authority of India (IWAI) manages the Varanasi-Haldia inland waterway. In order to support passenger and cargo movements, the UP government is currently looking to develop additional intrastate inland waterway systems. As part of the new UP logistics policy, the state will also create a network of transportation infrastructure, upgrade current warehousing and logistics infrastructure, reduce logistics costs, and encourage operational efficiency in logistics. Meanwhile, front- and back-end subsidies will be provided to the beneficiary projects, including a waiver of the development fee, a reduction in the land use change levy, and an exemption from stamp duty. The 2018 policy will be replaced by the new one, which will be in effect for five years. The previous policy's promised incentives for private sector projects will still be in effect, though. See also: Andhra Pradesh fast tracks work on new ports Work on Kerala’s Bhavanapadu, Bandar ports to begin

Next Story
Infrastructure Energy

Vedanta Aluminium Uses 1.57 bn Units of Green Energy in FY25

Vedanta Aluminium, India’s largest aluminium producer, recently reported consumption of 1.57 billion units of renewable energy in FY25, marking a significant milestone in its 2030 decarbonisation roadmap. The company also achieved an 8.96 per cent reduction in greenhouse gas (GHG) emissions intensity compared to FY21, reinforcing its leadership in India’s low-carbon manufacturing transition. During FY25, Vedanta Aluminium expanded its renewable energy portfolio through long-term power purchase agreements, strengthening its strategy to source nearly 1,500 MW of renewable power over the lon..

Next Story
Real Estate

Oberoi Group to Develop Luxury Resort at Makaibari Tea Estate

EIH Limited, the flagship company of The Oberoi Group, has announced the signing of a management agreement to develop an Oberoi luxury resort at the iconic Makaibari Tea Estate in Darjeeling. The project marks a key milestone in the Group’s long-term strategy of creating distinctive hospitality experiences in rare and environmentally significant locations. Established in 1859, Makaibari is one of the world’s oldest tea estates and is globally recognised for its Himalayan landscape, primary forests and exceptional biodiversity. Spread across 1,236 acres, the estate houses one of the world..

Next Story
Real Estate

GHV Infra Secures Rs 1.09 Bn EPC Order in Jamshedpur

GHV Infra Projects Ltd, a fast-growing EPC company in India’s infrastructure and construction sector, has recently secured a Rs 1.09 billion work order in Jamshedpur, Jharkhand. Awarded by a reputed group entity, the contract covers end-to-end civil construction, mechanical, electrical and plumbing (MEP) systems, along with high-quality finishing works for a large building development. The project will be executed over a 30-month period, with defined benchmarks for quality, safety and timely delivery. The order strengthens GHV Infra’s footprint in Jamshedpur, a key industrial hub known fo..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Open In App