Greater Noida Authority to Select Developer for Multi-Modal Logistics Park
Gr Noida authority to finalise agency to develop logistics park
Hindustan Times
Image: Hindustan Times
The Greater Noida Authority in Uttar Pradesh, India, is set to finalize a developer for a multi-modal logistics park in Sector Kappa-II, covering 174 acres. This facility aims to enhance logistics efficiency, support local businesses, and create approximately 5,000 jobs, with a minimum investment requirement of ₹1,000 crore (around $120 million USD).
- 01The logistics park will be developed on 174 acres near the Inland Container Depot in Dadri.
- 02The project aims to create an industrial hub, enhancing logistics and reducing costs for local businesses.
- 03A minimum investment of ₹1,000 crore (around $120 million USD) is required from the selected developer.
- 04The park will include container terminals, cold storage, and facilities for bulk cargo handling.
- 05Approximately 5,000 jobs are expected to be generated from this initiative.
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The Greater Noida Authority has announced plans to finalize an agency for developing a multi-modal logistics park (MMLP) in Sector Kappa-II of Greater Noida, Uttar Pradesh, India. Covering 174 acres, the park is strategically located near the Inland Container Depot in Dadri, with easy access to the Noida International Airport and the Eastern and Western Dedicated Freight Corridors. This initiative aims to establish a robust industrial hub, improving logistics efficiency and reducing costs for local businesses. The authority issued a tender for developers, with three firms previously submitting proposals. The selected developer must invest at least ₹1,000 crore (approximately $120 million USD) and is expected to create around 5,000 jobs. The project will feature container terminals, cold storage warehouses, and facilities for bulk cargo handling, with the land's reserve price set at ₹11,000 per square metre.
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The logistics park is expected to boost local businesses by providing efficient logistics solutions and creating thousands of jobs.
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