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

Bhubaneswar Debuts Steel-Based Zero Energy Building By Tata Steel ConstructSteel Initiative

Bhubaneswar Debuts Steel-Based Zero Energy Building By Tata Steel ConstructSteel Initiative

0
Bhubaneswar has unveiled a pioneering steel-based Zero Energy Building developed by Tata Steel in collaboration with ConstructSteel, the World Steel Association’s market-development programme. Spanning...
Chennai Begins $111 Million Corning Gorilla Glass Production For Appliances And Structures

Chennai Begins $111 Million Corning Gorilla Glass Production For Appliances And Structures

0
Chennai has inaugurated a $111 million facility to manufacture Corning Gorilla Glass, marking a significant step for India’s domestic production of toughened glass for...
Tirupati Electronics And Home Appliances Sector Set For Rs 1140 Crore Boost

Tirupati Electronics And Home Appliances Sector Set For Rs 1140 Crore Boost

0
Tirupati is poised for a major industrial leap as the electronics and home appliances sector attracts a ₹1,140 crore investment. The project, approved at...
Mumbai Housing Relief Targets Pagdi Building Redevelopment And Home Seekers Across City

Mumbai Housing Relief Targets Pagdi Building Redevelopment And Home Seekers Across City

0
Mumbai’s long-standing housing challenges may be approaching a critical inflection point. The Maharashtra government has announced a set of regulatory and redevelopment measures aimed...
Delhi Launches 23 New Semiconductor Chip Design Projects To Boost Innovation Efforts

Delhi Launches 23 New Semiconductor Chip Design Projects To Boost Innovation Efforts

0
The Indian government has approved 23 semiconductor chip-design projects under the Design Linked Incentive (DLI) Scheme, aiming to strengthen domestic innovation and reduce import...