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

CREDAI Launches 24th Property Exhibition At Vashi CIDCO Centre Showcasing Projects

CREDAI Launches 24th Property Exhibition At Vashi CIDCO Centre Showcasing Projects

0
The 24th edition of the CREDAI BANM Property Exhibition commenced at the CIDCO Exhibition Centre in Vashi, Navi Mumbai, drawing considerable interest from prospective...
SILA Expands Nationwide As Leading Business Services And Real Estate Platform India

SILA Expands Nationwide As Leading Business Services And Real Estate Platform India

0
India’s real estate services sector is undergoing a structural transformation, with large, professionally managed platforms increasingly replacing fragmented and manpower-heavy operators. One such platform...
Mumbai Moves To Amend MOFA To Safeguard Conveyance Deeds For Flat Owners

Mumbai Moves To Amend MOFA To Safeguard Conveyance Deeds For Flat Owners

0
Mumbai’s flat owners may soon gain stronger legal protection over their homes, as the state government has introduced an amendment to an existing housing...
Rubics Group Becomes Official Sponsor For Lionel Messi GOAT India Tour 2025

Rubics Group Becomes Official Sponsor For Lionel Messi GOAT India Tour 2025

0
Rubics Group has announced its association as an official sponsor of the Lionel Messi G.O.A.T. India Tour 2025, marking a high-profile brand partnership ahead...
Mhada Agrees To Undertake Cluster Redevelopment Of Ageing Housing In South Mumbai

Mhada Agrees To Undertake Cluster Redevelopment Of Ageing Housing In South Mumbai

0
Mumbai’s long-pending housing redevelopment challenge in its historic southern neighbourhoods may finally see movement, as the state housing authority has agreed to directly undertake...