UP Government approves multi-modal logistics hub at Greater Noida

With an estimated cost of Rs 3,883.80 crore, the Union Cabinet has approved construction of multi-modal logistics and transport hub at Greater Noida in Uttar Pradesh. The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, also approved proposals of the Department of Promotion of Industry and Internal Trade (DPIIT) for construction of various trunk infrastructure components for Krishnapatnam Industrial Area in Andhra Pradesh and Tumakuru Industrial Area in Karnataka at estimated costs of Rs 2,139.44 crore and Rs 1,701.81 crore, respectively. The multi-modal logistics hub project will be developed as a world-class facility that will provide efficient storage/transitioning of goods to/from the Dedicated Freight Corridors (DFC) and offer a one-stop destination to freight companies and customers, an official statement said. The facility will not only provide standard container handling activities but also provide various value-added services to reduce logistics cost with improved efficiency of operations, it added.
Envisioned on the backbone of major transportation corridors like eastern and western dedicated freight corridors, expressways and national highways, proximity to ports, and airports, it said, the objective of industrial corridor programme is creation of greenfield industrial cities with sustainable ”plug and play”, ICT enabled utilities to facilitate manufacturing investments into the country by providing quality, reliable, sustainable and resilient infrastructure to industries.
The developed land parcels in these cities will be ready for immediate allotment for attracting investments into manufacturing, and positioning India as a strong player in the global value chain. It said these projects have been planned on the backbone of multi modal connectivity infrastructure.
“Krishnapatnam Industrial Area in Andhra Pradesh and Tumakuru Industrial Area in Karnataka under the Chennai Bengaluru Industrial Corridor (CBIC) have been approved to kick start the development in Chennai Bengaluru Industrial Corridor project,” it said.
These Greenfield industrial cities will be self-sustained with world-class infrastructure, road and rail connectivity for freight movement to and from ports and logistic hubs along with reliable power and quality social infrastructure, it said.