Context:
Uttar Pradesh, Greater Noida is set to develop a Multi-Modal Logistics Park (MMLP) in Dadri, spanning 174 acres.
More on News:
- It aims to enhance logistics infrastructure, generating employment, and attracting investments worth ₹5,000 crore and generate approximately 15,000 jobs.
- The project will be developed on 174 acres near Noida International Airport in Jewar, with land priced at ₹11,000 per sqm.
- This flagship project, a key element of Greater Noida Authority’s Master Plan 2041.
- It aims to meet the growing logistics demands of the National Capital Region and boost the global competitiveness of local industries.
- It is expected to drive economic growth and generate thousands of jobs.
- The project will benefit from seamless connectivity to both the Eastern and Western Dedicated Freight Corridors, establishing it as a major logistics and cargo hub in the NCR.
- Situated next to a 250-acre Inland Container Depot (ICD) operated by the public sector enterprise Concor, the MMLP is poised to become part of an integrated cargo zone.
- The park will include an intermodal container terminal enabling cargo movement via road, rail, and air.
- It will be equipped with modern infrastructure such as cargo yards, automated cold-storage warehouses, and dedicated terminals for both bulk and break-bulk cargo.
- Companies will be permitted to offer both bonded and non-bonded warehousing, along with freight forwarding and customs clearance services.
- Additionally, a skill development centre is planned to train workers in logistics and digital cargo management.
- The park will benefit from its close proximity to the airport and freight corridors, providing multimodal connectivity for streamlined and efficient movement of goods.
- To qualify, companies must pledge a minimum investment of ₹1,200 crore (excluding land cost) and possess at least 10 years of experience in logistics, particularly in operating ICDs or rail terminals.
- The project will be developed under the Uttar Pradesh government’s Multi-Modal Logistics Park Policy 2024, which provides incentives for eligible investors.
Multi-Modal Logistics Park Policy 2024 in UP
- The Uttar Pradesh cabinet has introduced the MMLP-2024 to attract investments in the logistics sector.
- Offers a 30% upfront land subsidy for logistics parks developed on government-leased plots.
- Provides 100% exemption on stamp duty to reduce initial investment costs.
- Investors are required to begin operations within the stipulated timeframe. Failure to do so will result in subsidy recovery along with 12% interest.
- Exemption from internal development charges further lowers the setup expenses.
- The policy aims to improve:
- Logistics infrastructure
- Generate employment opportunities
- Streamline project implementation processes
- Eensure accountability through interdepartmental evaluations
It is designed to position Uttar Pradesh as a major logistics hub, boosting economic growth and enhancing supply chain efficiency.
