3-potential-developers-bid-for-1-200-cr-logistics-park-in-noida

The Greater Noida Industrial Development Authority recently invited bids for the ambitious ₹1,200-crore multimodal logistics park that is set to come up in Greater Noida to develop the freight corridor in the area, spruce up employment, and enhance economic development.

Adani Ports and Special Economic Zone Ltd, Super Handlers and Empezar Logistics made their bids, informed Nand Gopal Gupta Nandi, Uttar Pradesh Minister for Industrial Development, Export Promotion, NRI, and Investment Promotion.

"Three companies have submitted their bid for developing a multimodal logistics park at Greater Noida. A high-powered committee headed by the Chief Secretary will soon evaluate the proposal and take a call accordingly," he said.

 

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According to the ‘Scheme for Allotment of Plot for Development of Multi-Modal Logistic Park at Greater Noida’, a minimum of ₹1,200 crore investment has been planned for the development, excluding the cost of land, which will span 174 acres.

The allotment of 174.12 acres of contiguous land at Kappa 2 will be made on a leasehold basis for 90 years from the date of execution of the lease deed. 

Nandi said the logistics park is being developed with the objective of making Uttar Pradesh the “most-preferred investment destination” in the country.

"With the upcoming Jewar Airport in its proximity, the multimodal logistics park may play an important role in the economic development of the region and lead to employment generation for thousands, both directly and indirectly," he said.

Besides having proximity to the Noida International Airport and the Concor-operated dry port that handles container storage and processing facilities, the proposed park will have easy access to Eastern and Western Dedicated Freight Corridors to enable high-speed freight movement.

Other salient features of the park include cargo handling yards, warehousing facilities, a skill development centre, and other logistics services for the cargo terminal process.