The Uttar Pradesh government is drafting its own logistics policy, as higher industrial activity, economic growth and the government’s recent policy decisions are triggering unprecedented growth in the sector. “With both the Eastern and the Western freight corridors and several industrial corridors passing through Uttar Pradesh, we are at a good position to take advantage of this logistics revolution which we expect to see in the next two years,” Rajiv Kumar, Chief Secretary, UP State Government.
The policy will entail the establishment of at least five industrial parks across the state; the smallest with an investment of Rs 200 crore. The policy will also include various incentives for logistics players if they invest in this sector in the state.