UP govt to soon decide developer for multimodal logistics park in Greater Noida
Greater Noida Industrial Development Authority recently invited bids for the project, with an aim to attract over Rs 1,200 crore in investment, create at least 5,000 jobs, and speed up freight movement.
New Delhi, Aug 9 (PTI) The Uttar Pradesh government will soon finalise a developer to set up the 174-acre multimodal logistics park in Greater Nodia.
'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,' Uttar Pradesh Minister for Industrial Development, Export Promotion, NRI, and Investment Promotion, Nand Gopal Gupta Nandi said.
The objective is to make Uttar Pradesh the most preferred investment destination in the country, and towards this end, the government is formulating investor-friendly policies, he added.
'The development of a multimodal logistics park in Greater Noida is a quest in that direction. 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 would lead to thousands of employment generation, both direct and indirect,' he pointed out.
The proposed logistics park will have proximity to Noida International Airport and easy access to Eastern and Western Dedicated Freight Corridors.
It is also close to the Concor-operated dry port that handles container storage and processing.
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.
According to the 'Scheme for Allotment of Plot for Development of Multi-Modal Logistic Park at Greater Noida', a minimum of Rs 1,200 crore investment is envisaged for the development, excluding the cost of land.
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. PTI DP BAL BAL
This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
42 minutes ago
- Time of India
AP high court observes incentives to IT companies should focus on employment generation over land loss
Vijayawada: The high court on Wednesday observed that giving incentives to IT companies should be seen in the broader perspective of employment generation instead of losing money on land allocations. Tired of too many ads? go ad free now The High Court bench, headed by Chief Justice Dhiraj Singh Thakur and Justice Ravi Cheemalapati, observed that in the absence of incentives, companies will choose cities like Hyderabad and Bengaluru. The bench further noted that Andhra Pradesh will remain an agrarian state without considerable investments in industry. One N N Grace, President of the Society for Protection of Civil Properties and Environment, Visakhapatnam chapter, moved the High Court with a Public Interest Litigation (PIL), challenging the land allotments made to Cognizant at Rs 0.99 per acre. Jada Sravan, who argued on her behalf, said that the land allotted to Cognizant is valued at Rs 1109 crore, but the state govt allotted it for nothing. He said that the sale of land is not permissible according to APIIC rules. Arguing on behalf of the state govt, special govt pleader S Pranati said that the land allotments have been made in accordance with the state industrial policy. She sought time to file counters in all petitions pertaining to land allotments. Considering the arguments on both sides, the High Court tagged the matter with other petitions. Similar petitions were filed earlier, challenging the land allotments to TCS and LuLu Group.
Time of India
43 minutes ago
- Time of India
Commuters left in the lurch after KSRTC bus reallocation in Thiruvananthapuram city
Thiruvananthapuram: Residents are facing mounting transport woes after KSRTC redeployed more than half of its city circular electric buses to inter-district routes. While intended to expand sustainable travel options, the move has left urban commuters grappling with unreliable services and increased costs, directly impacting their daily lives and livelihoods. In 2023, under the Smart City initiative, KSRTC launched 113 electric buses for its city circular network in partnership with the corporation. The buses offered a flat fare of Rs 10 per ride or Rs 150 for a 24-hour pass, providing affordable and dependable connectivity across neighborhoods. Unlike KSRTC's regular distance-based fare system, these buses ensured budget-friendly travel regardless of distance. However, with over 50% of the fleet now diverted to routes connecting Thiruvananthapuram with Neyyattinkara, Vellarada and Kollam, the remaining city services struggle to meet demand. Former transport minister Antony Raju, who introduced 163 electric buses during his tenure, criticized the diversion. "These buses were meant exclusively for the city and were an instant hit, especially for residents in interior areas who could rely on services every 10 minutes. Diverting them to other districts is unfair and needs immediate rectification," he told TOI. The repercussions are stark for daily commuters. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Knee pain prices might surprise you Knee pain | search ads Find Now Undo Rekha Nair, a schoolteacher from Sasthamangalam, said, "The 6C brown bus was my only reliable option. Now, with erratic timings and overcrowding, I'm late almost every day." Delivery agent Mukesh echoed her frustration: "When buses don't arrive, we're forced to take autos, which are expensive and unreliable." Jagathy resident Hari Shankar, who relied on the electric buses to reach his office in Kowdiar, added, "They were affordable and punctual. Now, I don't know how to manage." KSRTC defended the reallocation, citing growing demand for sustainable inter-district travel. A senior official acknowledged the backlash but stressed strategic priorities. "We recognise commuters' concerns. The shift aims to boost green transit options statewide. Still, we will review service gaps and adjust allocations as needed," the official said. The city's circular bus service features a seven-colour scheme with each colour corresponding to a specific route. These buses operate every 10 minutes during peak hours and 30 minutes otherwise, ensuring seamless connectivity since their rollout. As of 2025, the network has 13 routes, 1,000 stops, 24 interchange points, with a fleet of over 130 buses, including electric buses. But with some electric buses diverted to inter-district services, these well-planned colour routes are now disrupted, causing service gaps and commuter frustration. Stay updated with the latest local news from your city on Times of India (TOI). Check upcoming bank holidays , public holidays , and current gold rates and silver prices in your area.
Time of India
43 minutes ago
- Time of India
Expedite work on Nalgonda X Road flyover: GHMC chief RV Karnan
Hyderabad: GHMC commissioner RV Karnan on Tuesday directed officials to expedite the construction of the 2.58-km four-lane bi-directional flyover from Nalgonda X Road to Owaisi Junction. He asked them to resolve land acquisition hurdles to meet the targeted completion date of March 2026. Once completed, the project, being executed at a cost of Rs 620 crore, is expected to ease traffic congestion along one of the city's busiest stretches, spanning from the govt printing press in Chanchalguda to Yadagiri Theatre via Saidabad and IS Sadan. During the inspection, the commissioner emphasised the need to maintain both speed and quality in execution. Project engineers reaffirmed their commitment to completing the work on the flyover by March 2026 deadline. Addressing delays due to pending land acquisition, Karnan instructed town planning officials to resolve these issues immediately to prevent further setbacks. You Can Also Check: Hyderabad AQI | Weather in Hyderabad | Bank Holidays in Hyderabad | Public Holidays in Hyderabad | Gold Rates Today in Hyderabad | Silver Rates Today in Hyderabad "The Nalgonda X Road to Owaisi Junction flyover is pivotal for easing traffic congestion and enhancing connectivity. We are working diligently to overcome challenges and deliver this world-class infrastructure by March 2026," Karnan added. Stay updated with the latest local news from your city on Times of India (TOI). Check upcoming bank holidays , public holidays , and current gold rates and silver prices in your area.
