Logistics and Warehousing Industry in India
The Logistics and Warehousing industry in India is a thriving one, valued at INR 550 billion and experiencing an upward growth trajectory. Going forward, with the emergence of evolving technologies, demand sophistication as well as advanced business models, the Logistics industry is well positioned to grow stronger.
Haryana Logistics, Warehousing & Retail Policy – 2019
The policy targets to transform Haryana into a global Logistics, Warehousing and Retail hub, which would be well equipped with state-of-the-art Logistics & Warehousing infrastructure, a conducive regulatory environment and a mechanism for maximizing returns for retailers and providing best buying experience to the end consumer.
What is an Integrated Multi Modal Logistics Hub?
An Integrated/Multi Modal Logistics Park (MMLP) is defined as a multi-modal freight handling facility with a minimum area of 100 acres with a total investment of at least 100 Crore.
Multimodal logistics parks are expected to provide the following key services: Freight aggregation and distribution, Multimodal freight transportation, ICD, Storage and Warehousing, Value-added services etc.
Integrated Multi Modal Logistics Hub known as “Freight Village” at Narnaul in Haryana
An Integrated Multi Modal Logistics Hub is being developed in PPP mode as the largest logistics hub in North India over 886.78 acres at Nangal Chaudhary, Narnaul.
The proposed investment – INR 4000 crore has the potential to reduce the goods movement time from 14 days to 14 hrs. It is to be implemented as a 50:50 joint venture between HSIIDC and DMICDC/DMIC Trust – “DMIC Haryana Multi Modal Logistic Hub Project Limited”.
The economic benefits of the project will include the creation of employment, reduction in fuel costs, boosts to exports, reduction in vehicle (trucks) operating cost, reduction in accident-related costs, increase in the collection of taxes by the State Government, reduction in pollution, etc.
Biltrax Construction Data is tracking the 38 Million-SqFt Integrated Multi Modal Logistics Hub Project on their technology platform for their clients.
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