+
UPSIDA Approves Eight Logistics And Warehousing Projects
WAREHOUSING & LOGISTICS

UPSIDA Approves Eight Logistics And Warehousing Projects

The Uttar Pradesh State Industrial Development Authority has approved eight new logistics and warehousing projects with an estimated investment of Rs eight billion (bn) under the Uttar Pradesh Warehousing and Logistics Policy-2022. The authority said investors are being encouraged to set up logistics and storage units on private land through incentives, financial assistance and tax exemptions under the policy. The approvals form part of the state effort to strengthen supply chains for agriculture and industry.

The newly approved projects comprise five silos, two warehousing units and one logistics project to be located in districts including Unnao, Auraiya, Balrampur, Shravasti, Sultanpur, Lucknow, Gautam Buddha Nagar and Hapur. The projects will be developed on nearly 110 acres of land and are expected to augment storage and distribution capacity across key production and consumption centres. UPSIDA indicated that the developments will support better handling of seasonal harvests and reduce post-harvest losses.

With these approvals UPSIDA has now sanctioned a total of 61 projects under the Warehousing and Logistics Policy-2022 and the Programme Implementation Plan policy, covering nearly 810 acres and attracting a proposed investment exceeding Rs 129 bn. The cumulative portfolio is designed to enhance safe storage capacity for foodgrains and to provide improved storage and logistics facilities to farmers. Officials said the projects will accelerate the development of multi-modal logistics hubs, warehouse clusters and modern distribution centres.

Authorities expect the expanded infrastructure to integrate private investment with public policy measures and to catalyse regional distribution networks. Implementation is likely to proceed through phased land development and construction of storage and handling facilities in consultation with local administrations. The authority signalled continued approvals under the policy as part of efforts to scale logistics capacity across the state.

The Uttar Pradesh State Industrial Development Authority has approved eight new logistics and warehousing projects with an estimated investment of Rs eight billion (bn) under the Uttar Pradesh Warehousing and Logistics Policy-2022. The authority said investors are being encouraged to set up logistics and storage units on private land through incentives, financial assistance and tax exemptions under the policy. The approvals form part of the state effort to strengthen supply chains for agriculture and industry. The newly approved projects comprise five silos, two warehousing units and one logistics project to be located in districts including Unnao, Auraiya, Balrampur, Shravasti, Sultanpur, Lucknow, Gautam Buddha Nagar and Hapur. The projects will be developed on nearly 110 acres of land and are expected to augment storage and distribution capacity across key production and consumption centres. UPSIDA indicated that the developments will support better handling of seasonal harvests and reduce post-harvest losses. With these approvals UPSIDA has now sanctioned a total of 61 projects under the Warehousing and Logistics Policy-2022 and the Programme Implementation Plan policy, covering nearly 810 acres and attracting a proposed investment exceeding Rs 129 bn. The cumulative portfolio is designed to enhance safe storage capacity for foodgrains and to provide improved storage and logistics facilities to farmers. Officials said the projects will accelerate the development of multi-modal logistics hubs, warehouse clusters and modern distribution centres. Authorities expect the expanded infrastructure to integrate private investment with public policy measures and to catalyse regional distribution networks. Implementation is likely to proceed through phased land development and construction of storage and handling facilities in consultation with local administrations. The authority signalled continued approvals under the policy as part of efforts to scale logistics capacity across the state.

Related Stories

Gold Stories

Next Story
Products

Interio by Godrej launches modular workplace solutions

Interio by Godrej has launched Workscapes, a modular workplace solutions category designed to help organisations configure and adapt workspaces to changing requirements. The portfolio combines mobile and compatible furniture and support elements that can be rearranged across different work modes without changes to fixed layouts.Workscapes includes Collaboration Tables, Privacy Solutions, Mobile Markerboards and Space Dividers, Power Solutions, Storage and Support Elements, Meeting and Presentation Tools, and Seating Elements. The range is designed for focused work, collaboration, informal disc..

Next Story
Infrastructure Urban

CAFE-III Gives Auto Industry Investment Clarity

The government’s new Corporate Average Fuel Economy (CAFE-III) norms have provided the automobile industry with a clearer framework for technology investments, according to industry representatives. The framework seeks to balance environmental objectives with flexibility for manufacturers while encouraging the adoption of flex-fuel vehicles and biofuels. Society of Indian Automobile Manufacturers (SIAM) President Shenu Agarwal said the five-year framework would give automakers greater predictability to plan investments and accelerate innovation. He said the regulation established annual targ..

Next Story
Infrastructure Energy

Mines Ministry to Auction Two Offshore Mineral Blocks in Andaman Sea

The Ministry of Mines will launch an auction of two offshore mineral blocks in the Andaman Sea on Thursday, seeking to unlock India’s offshore mineral potential and strengthen long-term mineral resource security. The blocks will be offered under a composite licence, which permits exploration and development activities in accordance with the applicable regulatory framework. The ministry said the auction was intended to encourage systematic exploration, attract investment and promote the use of advanced technologies for offshore mineral exploration and development. The initiative is also aimed..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code