HomeReal EstateCommercialNashik to Become Logistics Powerhouse

Nashik to Become Logistics Powerhouse

Nashik, Maharashtra, is poised for a transformative leap in its logistics infrastructure, with the National Highways Authority of India (NHAI) recently announcing the invitation for bids to construct a Multi-Modal Logistics Park (MMLP) in the region. This ambitious project, valued at ₹336.55 crore, is spearheaded by the National Highways Logistics Management Ltd. (NHLML) and follows a design-build-finance-operate-and-transfer (DBFOT) model. Scheduled to rise in Niphad taluka, this logistics park marks the third of its kind in Maharashtra, joining existing facilities in Nagpur and Pune, further solidifying the state’s strategic position in the national logistics landscape.

The establishment of the Nashik MMLP is integral to the broader vision of the PM Gati Shakti National Master Plan, which aims to enhance logistics efficiency across India by developing 35 such parks nationwide. The first of these, located in Nagpur, has already been initiated under a Public-Private Partnership framework, representing a significant investment in India’s logistics capabilities. Meanwhile, another ambitious project in Pune is underway with a whopping estimated investment of ₹1,360.79 crore. This shift towards modern logistics infrastructure is critical, as the current logistics costs account for about 14% of India’s GDP, a figure that the government aims to reduce to between 8-9%, thereby enhancing India’s competitive edge in the global market.

The implications of these developments are far-reaching. The MMLPs are set to cater to about 50% of the country’s road freight movement, facilitating the swift transit of goods and bolstering the efficiency of import-export operations. This initiative not only fosters economic growth but also addresses crucial civic issues related to traffic congestion and environmental sustainability. The efficient movement of goods is anticipated to lower carbon footprints and lessen congestion on urban roads, thereby improving the quality of life for residents.

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -spot_img

Most Popular

Recent Comments

Suraj Estate Achieves Strong Sales In Mumbai Commercial Project

Suraj Estate Achieves Strong Sales In Mumbai Commercial Project

0
Suraj Estate Developers has reported a significant early sales milestone for its flagship commercial development, One Business Bay, in South Central Mumbai, achieving gross...
https://urbanacres.in/manojj-devnani-elevated-to-deputy-general-manager-at-hiranandani-mumbai/

Manojj Devnani Elevated To Deputy General Manager At Hiranandani Mumbai

0
Hiranandani Group has appointed Manojj Devnani as Deputy General Manager in Mumbai, strengthening the company’s leadership in marketing, commercial operations, and strategic communications across...
SRA Collects Biometrics From Over Six Lakh Slums

SRA Collects Biometrics From Over Six Lakh Slums

0
Mumbai’s Slum Rehabilitation Authority (SRA) has completed surveys of more than 8.8 lakh homes across 2,599 slum clusters, marking a significant step in the...
Navi Mumbai Housing Prices Up Over 22 Percent

Navi Mumbai Housing Prices Up Over 22 Percent

0
Navi Mumbai’s residential property market has recorded robust growth over the past five years, with average apartment prices rising by more than 22%, reflecting...
Mumbai Kandivali West Attracts Homebuyers and Investors

Mumbai Kandivali West Attracts Homebuyers and Investors

0
Kandivali West is increasingly drawing attention from homebuyers and investors as a residential locality offering a balance of affordability, connectivity, and growth potential. Located...