UP to build ports, CFS to boost exports

Uttar Pradesh is planning to develop a network of dry ports and freight container stations to boost exports, said reports. The state plans to develop a modern logistics ecosystem in partnership with private players. “A dry port is an inland intermodal port directly linked to a seaport by roads or railway to facilitate faster movement of export cargo. Under the UP Warehousing and Logistics Policy 2022, the state will fast-track land allotments for logistics parks and offer a string of subsidies and incentives to attract private investments. The state will support the private sector for the development of storage facilities, cold chains, multi-modal parks, container depots, and container freight stations infrastructure in the state,” the reports added.
“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. The state targets to hike merchandise exports from Rs 1.56 trillion to nearly Rs 3 trillion in three years, reports added.